The price of oil will continue to climb, especially if there is no improvement in the outlook for the dollar, OPEC president Chakib Khelil told Spain's national radio on Monday. "We are going to witness a price rise," especially if the economic situation in the United States persists and the dollar continues to decline," he said. The U.S. economy has been buffeted by a lingering housing market slump, a related credit crunch, increased job cuts and record high crude oil prices. Oil rose in Asia on Monday and was trading at around $132 a barrel, not far from the all-time high above $135/bbl hit last week on concerns about inadequate output and robust demand.