$100 Oil Is A Distinct Possibility
An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.
The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, new regulations from the International Maritime Organization set to take effect in 2020 could significantly tighten supplies.
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