Financial Times FT.com

Analyst warns of $200 crude oil

By Javier Blas and Chris Flood in London

Published: May 7 2008 03:00 | Last updated: May 7 2008 03:00

Crude oil prices could surge to $200 a barrel in the next two years, according to theGoldman Sachs analyst who three years ago correctly predicted a price "super-spike" above $100 a barrel.

The warning by Arjun Murti came as oil prices hit a fresh record high above $122 a barrel, boosted by supply disruptions in Nigeria, lower output in Russia and continued robust demand in China ahead of the Olympics.

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