$150-200 oil if Iraq supplies are halted warns hedge fund giant T. Boone Pickens « ArabianMoney

$150-200 oil if Iraq supplies are halted warns hedge fund giant T. Boone Pickens « ArabianMoney:

If Iraq’s oil supply goes offline, crude prices could hit $150-$200 a barrel, T. Boone Pickens, founder of BP Capital Management, told CNBC.

‘That’s where you have to kill demand with price. That’s the only way you can do it, because oil won’t be there,’ he said. Brent crude continued higher in Asian trading on Monday, closing in on $114 a barrel…

Posted on 16 June 2014

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