Oil prices shot up on Monday morning by more than 5%, with OPEC and non-OPEC meeting in person in Vienna this week, while one oil analyst predicts that oil could soon reach $100 per barrel. The price of a WTI barrel climbed 5.4% on Monday at 9 a.m. ET, to $83.78 (+$4.29). Brent crude climbed nearly 4.78% to $89.21 (+$4.07). Stephen Brennock, senior analyst at PVM Oil Associates in London, said that an uptick in trading activity “coupled with tightening near-term oil fundamentals could well push oil prices back to $100/bbl,” according…
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