Daily Archives: March 7, 2011

As Brent crude climbs to $118 a barrel on the back of events in Libya, Javier Blas, commodities editor, talks to Daniel Garrahan about how high prices could go if the unrest in the Middle East spreads to Saudi Arabia.

Citi analysts raised their Brent oil estimate to $105 and $100 for 2011 and 2012 respectively, from $90/barrel, on Monday.

That’s as Brent crude sits tight around the $115 per barrel mark, with WTI not far behind at $105 per barrel.

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