West Texas Intermediate could rise as high as US$95 a barrel by this winter on the back of a number of factors, the leading among them the Iran sanctions, John Kilduff from Again Capital told CNBC. According to Kilduff, founding partner of the investment company and a seasons energy trader, “The global market is tight and it’s getting tighter, and the big strangle around the market right now is what’s in the process of happening with Iran and the Iran sanctions. These Iranian barrels that we’re going to lose, it’s really going to hurt. It’s really going to make a difference and tip the scale in my view to an upside surprise.” There are differing opinions about how U.S. sanctions against Iran will affect oil prices. While there seems to be general agreement that there will be a negative effect, opinions differ as to its extent. Some analysts believe […]