OIL MARKET FORECAST: Will OPEC’s 1.16 million oil cut shoot prices to $100 per barrel?

By Our Correspondent

Since the Organisation of Petroleum Exporting Countries, and allies, popularly known as OPEC+ announced its 1.16 million oil cut, the oil market has not been the same again.

The bullish state of the oil market, partly driven by low inventories in the United States and other factors have combined to send many oil prices, including Brent and Bonny Light climbing to more than $85 per barrel.

This might just be the beginning as some analysts still expect prices to hit $100 per barrel in the coming week.

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