Putin: $100 Oil Is “Quite Possible”

It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on a CNBC panel at the Russian Energy Week on Wednesday. Asked by CNBC’s Hadley Gamble whether the U.S. benchmark could hit $100 a barrel, Putin replied “That is quite possible.” However, Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock spikes in prices, Putin said. “Russia and our partners and…