oil 200 a barrel

GO THE HYBRID MARKET GO

Analyst warns of oil at $200 a barrel
By Javier Blas and Chris Flood in London

Published: May 6 2008 18:58 | Last updated: May 6 2008 18:58

Crude oil prices could surge to $200 a barrel in the next two years, according to the Goldman Sachs analyst who three years ago correctly predicted a price “super-spike” above $100 a barrel.

The warning by Arjun Murti came as oil prices hit a fresh high above $122 a barrel, boosted by supply disruptions in Nigeria, lower output in Russia and continued robust demand in China ahead of the Olympics.