Oil’s steady climb has prompted speculation that prices could reach $100 per barrel should current market conditions persist.
West Texas Intermediate (CL=F) futures were trading above $86 while Brent (BZ=F) rose above $91 per barrel, their highest levels since October. The international benchmark futures rose more than 1% in the prior session, closing above the key level of $90 amid signs of an escalation in the Middle East.
