BNO - $100/bbl crude oil a notion not dismissed by some top traders forecasters

Guven Polat/iStock via Getty Images U.S. crude oil prices hit a 32-month high today, and talk is rising among some top oil traders and forecasters that crude could return to $100/bbl before the end of this year. But it is more likely that OPEC+ will provide a price ceiling, with greater risks of supply shortages and potential price shocks coming in future years. ETFs: [[XLE]], [[USO]], [[UCO]], [[XOP]], [[VDE]], [[GUSH]], [[OIH]], [[ERX]], [[BGR]], [[BNO]] Goldman Sachs head of commodity research Jeff Currie sees a 10% probability for triple-digit crude this year while warning of the end of investment in long-term crude projects and the potential ripple effect on prices further out. "Long-cycle production is dead," Currie told an S&P Global Platts conference, noting that the prevailing view in the oil industry now is to get money back at higher prices rather than return to long-term investments. Goldman's central scenario continues

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$100/bbl crude oil a notion not dismissed by some top traders, forecasters