Oil prices may rise to $100 a barrel:
Mumbai, May 14 Crude oil prices may soon rise to $100 a barrel due to increasing costs of exploration and production, and businesses should be prepared for higher energy prices than what they were used to in the last 20 years, Reliance Industries chairman Mukesh Ambani said Friday.
The US benchmark oil price briefly hit $100 a barrel on Wednesday as the revolt in Libya escalated, raising new fears about reduced supplies from the world's 12th-largest oil exporter.