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$100-a-barrel oil may be only a few months away |
| Home | (Bloomberg News) - NEW YORK: The $100-a-barrel oil that Goldman Sachs Group said would prevail by 2009 may be only a few months away. Jeffrey Currie, a London-based commodity analyst at the largest brokerage firm, said that $95 crude was quite likely this year unless OPEC unexpectedly increased production and that declining inventories were raising the chances for $100 oil. Jeff Rubin at CIBC World Markets said $100 a barrel could come as soon as next year. |