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High probability of oil reaching $100/barrel, says Blackrock CEO Fink -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A crude oil pump is visible behind the sun in Texas’ Permian basin in Loving County. This photo was taken November 22, 2019, U.S.A. REUTERS/Angus Mordant

RIYADH, (Reuters) –Larry Fink (NYSE:) said Tuesday that oil could reach $100 per barrel.

Fink spoke at the Future Investment Initiative conference, Saudi Arabia. Fink also called on the private and public sectors to work together more effectively in tackling global problems such as climate.

By 0757 GMT, the barrel was at $85.71 per barrel. This is a reversal of gains made earlier in today’s session but close to its multi-year peak. [O/R]

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