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OPEC President Predicts Crude Will Fall Further Next Year

By Ahmed Rouaba

Oct. 6 (Bloomberg) -- Crude oil prices will continue to fall next year, OPEC President Chakib Khelil said today.

The Organization of Petroleum Exporting Countries will ``take the appropriate measures at the next meeting to preserve stability in the international market,'' Khelil, who is also Algeria's energy minister, told reporters today in Algiers.

OPEC will discuss production levels for the first quarter of 2009 at a meeting in Oran, Algeria, on Dec. 17.

To contact the reporter on this story: Ahmed Rouaba in Algiers through the newsroom in London at rouaba@hotmail.com

Last Updated: October 6, 2008 07:16 EDT

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