Oil at $100?

Exactly a year after Goldman Sachs alarmed the markets with its forecast of a super spike in oil prices to above $100 per barrel, more analysts and investment banks have come out with similar forecasts. If the Goldman report was almost dismissed by independent analysts, this time around there are more takers for such alarmist predictions.

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Supply concerns and steady demand growth have pushed oil prices to a new all-time record of over $75 per barrel this year. Worsening political situation in many oil-producing countries have heightened the supply concerns and oil at $100 per barrel does not sound incredible any longer.

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