Price of oil ‘will hit $100 a barrel’

OIL prices fell back yesterday from the records hit last week of over $60 a barrel as markets waited for the latest update for oil stock inventories due today.

Price of oil ‘will hit $100 a barrel’
Tue, 05 Jul, 2005 - 01:00
Brian O'Mahony

One expert warned that at $60 a barrel oil is looking cheap at the price.

He says we are looking at $100pb in the not too distant future.

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