High crude oil prices in the current year to 100$

17. January. 2010
RTArabic

Crude oil price will arrive in next March to 90 dollars and will increase to be more than 100 by the end of the current year. This is the forecasts of Jeff Robbin "0ne of the most famous oil market experts" who has predicted in latest years the volatility of oil prices in the world.

In his view, the increasing demand for oil in Asia this year will lead to continued rise in prices, and saying "I'm not earlier if I said that crude oil at the end of the year will be more than 100$".

The oil barrel on Thursday 7 January in New York Stock reached to 82.49$.

Oil expert Robin predicted that the price of oil during the years 2011-2012 will range between 120-160$.