Turkey and Iran are pushing Oil to 100$ !

The middle east which it seems has never known a peaceful period in the recent past has started having an impact on the Oil prices which by the last trade of the day was up to 92$. This is nothing as most of the economists are predicting that the world demand and the middle east tensions are bound to push up the Oil even further.

With Turkey amassing its troops in a move that could very well destabilise the entire Middle East region, and with Iran being shackled under economic sanctions, the tension factor alone would push up the Oil stocks through the roof. If either Turkey was to invade Iraq or Iran was attacked by the United states under some alleged pretext, the Middle East would be thrown into turmoil and we can pretty much kiss away any hopes of any recession in the Oil rates. As such, things have not taken a turn for the worse but the potential to do so is very much there. Will the Oil ever come down to the 80-90$ margin, lets wait and hope that it does so!
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