The Price Of Oil And 5 Ways The Cost Could Climb To $100
May 16, 2017
This artical originally appeared on the Motley Fool.
It’s been nearly three years since crude last topped the $100-per-barrel mark. For the most part, oil has spent that time selling for less than half that price because of tenacious oversupply. That supply imbalance doesn’t appear to be getting any better, because it seems as if shale producers are ramping up output in lockstep with OPEC’s reductions.