Oil could break above $100 next year, world’s biggest traders say — Financial Post

LONDON — The world’s biggest trading houses said on Wednesday they saw oil prices not falling below US$65 per barrel and possibly breaking above US$100 next year due to U.S. sanctions on Iran. Oil has rallied this year on expectations the sanctions will test the production ability of the Organization of the Petroleum Exporting Countries…

via Oil could break above $100 next year, world’s biggest traders say — Financial Post

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