The price of oil may rise to $100 per barrel and even exceed this figure, according to CNBC, citing the opinion of the former US Secretary of Energy Dan Bruyette. However, this would lead to negative consequences for demand, and states understand this threat, analyst Dan Yergin said.

“I think the countries understand that the price of $100 per barrel is not in their interests. You will see how governments stimulate the EV industry more, and you will see the influence of this on demand,” he explained.

The rise in oil prices, which have broken nearly three-year records, is noted against the background of the failure of OPEC+ to reach agreements on increasing oil production. Meanwhile, if the alliance deal completely falls apart, prices can collapse, Bruyette warned.