Chances of $100 a barrel of oil high, by Reuters

Chances of $100 a barrel of oil high, by Reuters
Chances of $100 a barrel of oil high, by Reuters

© Reuters. BlackRock’s New York headquarters outside. Photo from the Reuters archive

RIYADH (Reuters) – The odds of oil reaching 100 per barrel are high, Larry Fink, CEO of BlackRock, the world’s largest asset manager, said on Tuesday.

Fink, who was speaking at the Future Investment Initiative conference in Saudi Arabia, also called for more cooperation between the public and private sectors to address global challenges such as climate change.

It fell 28 cents to $85.71 a barrel by 0757 GMT, erasing gains made earlier in the day, but still close to its highest levels in years.

(Press coverage by Davide Barbushia and Saeed Azhar – Prepared by Mahmoud Salama for the Arabic Bulletin)

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Chances barrel oil high Reuters

 
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