BBC: The price of crude oil could soar to $200 a barrel in as little as six months, as supply continues to struggle to meet demand, a report has warned.
With benchmark US light crude passing the $122 mark for the first time on Tuesday, the warning comes from Goldman Sachs energy strategist Argun Murti.
Surging demand was increasingly likely to create a "super-spike" past $200 in six months to two years' time, he said.
Oil prices have now risen 25% in the last four months and by 400% from 2001.
Mr Murti correctly predicted three years ago - when oil was about $55 a barrel - that it would pass $100, which it reached for the first time in January of this year. Oil Price ‘May Hit $200 a Barrel’ >>>
The Dawning of a New Dark Age (Paperback - UK)
The Dawning of a New Dark Age (Hardback - UK)
