$100 oil is ‘quite possible,’ Russia’s Putin says

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Russian President Vladimir Putin attends a session of the board of trustees of the Russian Geographical Society via a video conference call in Moscow, Russia April 14, 2021.Alexei Druzhinin | ReutersRussian President Vladimir Putin said Wednesday that oil prices could well reach $100 per barrel as demand for all energy commodities grows.Energy prices have soared across the board as economies reopen after months of pandemic-induced lockdowns and supply remains tight. West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel last week for the first time since Nov. 2014.But Putin, leader of one of the world's biggest oil-producing nations, believes it can go even higher. When asked if WTI could reach $100 per barrel, he said: "That is quite possible."Speaking to CNBC's Hadley Gamble at an event in Moscow, Putin, however, said that Russia and other oil-producing countries are doing their utmost to bring some stabilization to the market."Russia and our p
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