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So Just How High Will Global Oil Prices Rise?
Michael Schuman, Time
If you're watching global oil markets and getting a sickening feeling in your stomach, you're in good company. Oil prices have spiked precipitously in recent weeks, with the U.S. benchmark price at over $107 and Brent rising to $125. Those increases are already being felt at the pump. Gas prices in the U.S. are creeping towards a wallet-busting $4 a gallon. How much higher will oil prices go?
If you're watching global oil markets and getting a sickening feeling in your stomach, you're in good company. Oil prices have spiked precipitously in recent weeks, with the U.S. benchmark price at over $107 and Brent rising to $125. Those increases are already being felt at the pump. Gas prices in the U.S. are creeping towards a wallet-busting $4 a gallon. How much higher will oil prices go?
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