Oil could reach $100 or more this year as geopolitical tensions flare

A worker wrestles a stand of drill pipe into place on a drilling rig near Midland, Texas.
Nick Oxford | Reuters

Oil supplies are tight and prices could spike to $100 or more per barrel amid heightened geopolitical concerns, but more production from the U.S. and other non-OPEC+ producers could help prevent a prolonged spike.

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