Prices Could Hit $150-$200 Per Barrel Without Iraq Oil (Video)
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(CNBC / Worthy News)– If Iraq’s oil supply goes offline, crude prices could hit $150-$200 a barrel, T. Boone Pickens, founder of BP Capital Management, told CNBC on Friday.
Crude hit a nine-month high Friday as fears intensified over the conflict in Iraq and its potential to disrupt country’s the oil supply. U.S. crude—West Texas Intermediate (WTI)—hit a session high of $107.68 a barrel early Friday. Brent rose to an intraday high of $114.69. — Source
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