Oil price likely to rise to $85 a barrel, warns award-winning energy expert

Oil prices could rise to $85 a barrel by July, warned Pulitzer Prize-winning author and energy expert Dan Yergin.

(Also read: Got an arm and a leg... and a good pair of tekkies?)

Yergin worries that plummeting output in Venezuela and rising tension in the Middle East will keep the current oil price rally going.

The Money Show’s Bruce Whitfield interviewed David Shapiro, veteran stockbroker and Deputy Chairperson at Sasfin.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There’s a worry that President Trump will impose sanctions on Iran…

David Shapiro, Sasfin

Do the frackers in the USA start opening more wells?

David Shapiro, Sasfin

All the oil companies are leading the market up today… It’s had a big effect on global markets…

David Shapiro, Sasfin

It’s dangerous! It’s gonna throw us off!

David Shapiro, Sasfin

You’re gonna hear a much more fearful Mr Kganyago.

David Shapiro, Sasfin

We’re in for a difficult time in emerging markets.

David Shapiro, Sasfin

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This article first appeared on 702 : Oil price likely to rise to $85 a barrel, warns award-winning energy expert


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