Oil to Near $100, Commodities Boom Likely to Resume: #Qatar Forum - Bloomberg

Oil to Near $100, Commodities Boom Likely to Resume: Qatar Forum - Bloomberg

Oil prices are likely to keep rising toward $100 a barrel while a cool-off in commodity prices won’t last, leaders of key firms said at the Qatar Economic Forum on Tuesday. The head of Royal Dutch Shell Plc said governments will need to help companies cut customer emissions.

Earlier, one of Deutsche Bank AG’s top shareholders signaled his backing for consolidation in Europe’s financial services industry, arguing that the continent’s lenders need scale to compete globally. Billionaire investor Michael Novogratz said he prefers Bitcoin to buying gold.

The three-day event kicked off on Monday, with billionaire investor Ray Dalio and former Treasury Secretary Lawrence Summers telling the Forum the U.S. is headed for a period of overheating and inflation that could threaten the recovery.

The Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of the Qatar Economic Forum, Powered by Bloomberg.