Oil seen topping $100

Oil prices will soar to more than $100 a barrel as part of a sustained commodities bull run, while equities will languish, US commodities guru Jim Rogers said.

“I don’t know about the next quarter or even next year… But it will go over $100 a barrel, but I’ve no idea how long it’s going to take to reach there,” said Mr Rogers, a former business partner of billionaire fund manager George Soros.