Despite sky-high oil prices, Opec is insisting that there is no need to increase production.

Yesterday, Opec president Chakib Khelil said: “Stocks are very high, and we are going to have less demand in the second part of the year.”

However, oil prices topped $104 a barrel today, following a government report that revealed that supplies of crude fell last week. US crude supplies had been expected to increase.

CNN reports that “US light crude for April delivery reached $104.56, beating the previous all-time intraday high of $103.95 set Monday.”

“We’re headed straight for $4-dollar gas,” says Sean Hyman.

“I love it when Americans say “the falling dollar isn’t affecting me because I never travel outside America.

“My response is…do you buy oil, gas, gold, silver wheat, soybeans, etc…or any products derived from them?”

“Right now is a fantastic chance to own a little-known type of commodity stock called a ‘royalty company,’” says Matt Badiali.

“Put simply, these stocks are cheap, and they give you the right to participate in hundreds of promising resource projects with a small amount of capital.”

Click here if you’re interested in learning more.