Gold Silver Reports (GSR) – Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to $100 a barrel possible.
Crude Oil Prices could Rise to $100 a Barrel by 2019
Crude Oil prices could rise towards $100 per barrel by 2019 as US sanctions against Iran tighten markets, commodity merchants Trafigura and Mercuria said at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore.
