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Oil may hit $100/bbl next year warns banks of America

Gas and power are both up 0.6%, however it is gains in Brent which is catching the attention as it opens at $74.9/barrel, with the Bank of America reporting that oil may hit $100 next year. It’s a bold statement, but with positive consumption coming from Asia, and delays with agreements of Iranian supply coming back online, the current trend is currently upwards in the commodity.