Oil going to $100?

Philequity Corner – Wilson Sy – The Philippine Star January 24, 2022 | 12:00am Crude oil reversed the sharp decline last December to register its highest level since 2014 as supplies remain tight amid surging global demand. In addition, rising geopolitical risks given the current Russia-Ukraine dynamic, an attack on an Abu Dhabi facility, and an explosion of a pipeline from Iraq sent Brent oil futures as high as $89.50 per barrel. Goldman Sachs and Morgan Stanley have raised their oil forecast to $100 per barrel this year, citing the growing supply and demand imbalance. JP Morgan projects $125…

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