IEA Says Oil Prices Are Rising to `Uncomfortable’ Levels – Supporting long-term $100 oil

Toril Bosoni, head of the International Energy Agency’s markets and industry division, says oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production. “It’s not in the interest of consumers, but not in the interest of producers either,” Bosoni said on Bloomberg Television Friday. (Source: Bloomberg)