Traders bet on oil at $100 as Iran sanctions loom
03 Oct Traders bet on oil at $100 as Iran sanctions loom
Posted at 05:00h
in
News
by KMFSLLP
Oil traders have piled
into wagers that U.S. crude oil could surge to $100 a barrel by
next year, a milestone that until recently many considered
unthinkable due to record U.S. production growth and relatively
flat global demand.
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