Oil can rise to over $100 per barrel:
Crude oil prices can rise to more than $100 a barrel due to sluggish refinery growth and high costs of new discoveries and production, chairman of Reliance Industries said on Friday.
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.