Oil Could Stay Above $100 for Years, Analysts Warn

Oil prices opened trade this week with a decline on reports that a deal between the U.S. and Iran was imminent.

Brent crude slipped below $100 for the first time in days.

But then President Trump said there was no rush on a deal and the U.S blockade in Hormuz would remain.

While traders scratch their heads, analysts are warning that crude could remain well above $100 per barrel for years.

This is literally uncharted territory for oil.

Negotiations with Iran were “proceeding in an orderly and constructive manner,” the U.S. president…