Detailed text transcripts for TV channel - CNN - 20120106:09:19:00
Of oil. >> whatever happens on this scenario we'll see higher rather than lower price? >> i think in the near term as we see pressure mount on iran, if the eu follows through on sanctions, i think this will result in the short term of increased oil prices, just given the risks of that disruption of supply. >> significant, could you put a number on it? >> i think it's difficult to put a number on it. in the short term i could see oil testing over $120, $125 a barrel. >> brent? >> yes, brent, those kinds of number. like we saw in 2011, of course, with libya, this is the point at which the margin...