Jardine Mckenzie-Oil `Super Spike` to push crude to US$100 a-barrel-soon
Released on = July 31, 2007, 9:35 am
Press Release Author = David White
Industry = Financial
Press Release Summary = Tokyo - The US$100-a-barrel oil that Jardine Mckenzie have been predicting could be just months or even weeks away.
Press Release Body = Tokyo - The US$100-a-barrel oil that Jardine Mckenzie have been predicting could be just months or even weeks away. Gary Jones, head energy analyst at Jardine Mckenzie said "unless OPEC suddenly cut output or dealing inventories began to rise US$100 oil looks certain"
He went on "We are just one significant news headline away from US$100-a-barrel. 2006 has seen unrelenting demand disruptions in Nigeria and Iraq and possibilities of a military strike in Iran."
Benchmark crude oil futures ended last week at US$75.57 a barrel on the New York Mercantile Exchange.
Edward Lawson, Senior Vice President Corporate Trading, added "the sky's the limit, given the right circumstances oil could triple in 3 months to US$200 a barrel.
Web Site = http://www.jardinemckenzie.com
Contact Details = David White 3 London Rd Croydon CR1 1RP