Oil to pass $US100 - some time

Commodities guru Jim Rogers, who predicted the start of the big rally in 1999, said the recent slide in crude oil is a "correction" before prices resume their march towards $US100 ($127) a barrel.

"I'm just not smart enough to know how far down it will go and how long it will stay, but I do know that within the context of the bull market, oil will go over $US100," Mr Rogers said in a Tokyo interview.