Oil to rally up!9 Oct 2018 13:57
Oil prices will 'certainly' go above $90 after sanctions on Iran and Venezuela 'tighten the market,' says energy and geopolitics expert.
The price of oil will ‘certainly’ go above $90 and likely spike above $100 in the coming months, Richard Mallinson, energy and geopolitics expert and co-founder of Energy Aspects told Business Insider.
A price rise in 2019 was likely, but the Iran sanctions have brought it forward and exaggerated it, while Venezuela has also had an impact which has been overlooked.
“We’re nowhere near the end of this rally,” he told Business Insider.