Crude oil prices have rallied to within sight of 2010 trading highs this week, whilst the US dollar remains strong, where next for oil prices? The contrast between the US Light oil price, which topped $83 a barrel on Wednesday, and signs of weak physical markets might preoccupy OPEC when it meets on March 17th and raise the issue of whether markets have too much oil. “If you get on the ground and look at the fundamentals, you see too much crude oil production by OPEC,” said Paul Tossetti, senior energy adviser at PFC Energy. “Anybody who still believes that oil futures prices are a reflection of the true state of the physical market is living in a time warp,” said David Hufton of oil brokers PVM. Latest data showed that US crude oil inventories climbed by 1.4 million barrels, which undershot analysts’ consensus forecast for a 1.7 million barrel gain. “It was largely positive but … you’re always going to have some profit taking especially while things in Europe and the US still look pretty sluggish,” said Ben Westmore, an energy economist with the National Australia Bank in Melbourne. David Greely, of Goldman Sachs, anticipates global inventories will keep falling, changing price spreads and lifting crude into the $85 to $95 a barrel range in the second half of 2010. \u201cThe increased growth in 2010 oil consumption supports a firming of crude oil prices at above $80 per barrel this summer and accommodates a further drawdown of commercial oil inventories,\u201d the EIA said. Oil prices expected to hit $100 in 2010 say Dubai traders Oil companies in Russia and the foreign investment climate Arab states launch secret moves to stop using US currency for oil trading Online oil trading, how to trade oil live online $70 WTI light crude oil price this winter says EIA Indian oil companies hike jet fuel prices as crude oil rises Some facts about the peak oil theory Oil prices trading up on hurricane Ida concerns, weaker US dollar Oil prices trading lower on stronger US dollar, demand The IEA and peak oil How to trade crude oil futures online Crude oil prices trading up on weak US dollar Peter Schiff – Oil Prices Are Going Up Greenhouse gas emissions may fall 3% due to recession, say IEA Oil price steady as US dollar dips, crude oil supplies lower Era of cheap, easy oil is over, warns study ICE Brent oil futures trading close to $70 on Tuesday Oil companies in court over UK oil depot blast Oil prices rise as IEA raises oil demand forecast ICE Brent crude oil price ends week trading close to $71 <\/p>\n