Traders Warn $100 Oil Is Imminent If Iran War Keeps Raging
A week into one of the biggest ever disruptions to global energy markets, oil prices still remain far below the levels seen in previous crises. But a growing chorus of...
By Alex Longley, Jack Farchy, Grant Smith · Bloomberg Markets
A week into one of the biggest ever disruptions to global energy markets, oil prices still remain far below the levels seen in previous crises. But a growing chorus of energy executives and traders is warning that every day that war rages on is bringing the world closer to crisis point — with several predicting $100 oil within days.