The $100 Oil Call Is Back
Russia’s pledge to cut output has sparked talk of a return to triple digits, but there are obstacles ahead.
Charging Bull statue near the New York Stock Exchange.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, oil strategist Julian Lee looks at the outlook for crude as banks dust off forecasts for $100 a barrel. To get this newsletter sent to your inbox, you can sign up here.
Oil prices have the potential to rally to $100 a barrel by the end of the Northern Hemisphere’s summer, but there’s a lot that could send that forecast awry.