The world's biggest oil traders see oil prices not falling below $65 a barrel and possibly breaking above $ 100 a barrel next year due to U.S. sanctions on Iran. Oil rose this year on expectations that sanctions would test OPEC's production capacity and others as Iranian oil exports decline.
The price of Brent crude last week reached its highest level in four years at 86.71 dollars per barrel, while the price of U.S. crude was at $76.86 its highest level since mid-2014.
Experts in 2019, such as the International Energy Agency, believe that crises in emerging markets and trade disputes could affect global demand, while production outside OPEC is increasing and increasing supply.
