$200 per barrel of oil in the near future?If tensions escalate with Russia and more sanctions are implemented, it looks like we could see oil prices soar above $200 per barrel, according to a Senior Oxford economist:
https://rt.com/business/174908-sanctions-russia-global-meltdown/
Remember, Oil and Natural Gas prices are very highly correlated, and diplomatic relations with Russia are getting worse day by day.... Looks like the West and Russia are in for a fight.
SM