Oil’s ‘artificial’ surge to multi-year highs could spark a new crisis, economist warns
Oil prices soared to levels not seen since late 2014 on Thursday, following reports OPEC kingpin Saudi Arabia would be content to see crude prices rally as high as $100 a barrel over the coming months.
Reports that Saudi Arabia could be supportive of a further uptick in oil prices comes at a time when the kingdom is undergoing final preparations for its planned sale of a minority stake in state oil company, Saudi Aramco.
FINANCIAL NEWS IS GETTING FULL OF NEWS LIKE “oil crisis coming soon”…
YEAH RIGHT. JUST LIKE IN 2008 WHEN IT TOPPED ABOVE 140$