No limit to oil price rise: Chavez

Venezuelan President Hugo Chavez has said the world economy must grow accustomed to the high price of oil - currently above $130 a barrel - because there’s “no limit” to how high it can go, EFE news agency reported Sunday. “We can’t talk about limits. We could’ve talked about limits when Venezuela proposed that price band (with a floor of $22 a barrel and a ceiling of $28), which was working well until the war in Iraq pulverized it,” Chavez told Efe here. “There’s no limit now,” said the Venezuelan leader, whose country boasts the largest crude reserves in the Western Hemisphere.