Brent crude oil, despite today's blip, is moving inexorably toward $120/bbl, the point where...

|By:, SA News Editor

Brent crude oil, despite today's blip, is moving inexorably toward $120/bbl, the point where fears of demand destruction bubble to the surface, according to Saxo Bank analyst Ole Hansen. Keith Schaefer, editor of Oil & Gas Investments Bulletin, explains why he thinks the price gap between Brent and WTI will widen further this year as U.S. crude prices tank.