(EnergyAsia, July 20, Friday) — A leading Canadian bank, CIBC, is predicting the price of crude oil will hit US$100 by the end of 2008 on rising world demand and a growing supply gap.In a report, the bank said “triple digit” oil prices might become permanent as major oil-producing countries in the developing (non-OECD) world…
MARKETS: Canadian bank predicts $100/barrel oil by end of next year
Posted on July 19, 2007 by EnergyAsia