Oil price may hit $100 a barrel

UNITED NATIONS: The price of oil could rise well above the present level if war breaks out in the Gulf according to a United Nations report.

Observers talk of 50 or even 100 dollars per barrel as possibilities in such a scenario. Buta quick and peaceful resolution of the crisis might result in a price of 10 dollars per barrel it adds.

Article extracted from this publication >> January 4, 1991