Oil Could Hit $ a Barrel This Year. Tightening global supplies and rising demand for crude oil helped prices for the commodity start the year with a banghitting their highest levels in more than three yearsand manyysts believe the market has the fuel it needs to continue the rally to as high as $ a barrel..Oil could hit $ per barrel by the end of , says portfolio manager. This year could mark a comeback for commodities, with oil potentially hitting $ per barrel, a portfolio manager said on Wednesday..PRODUCTION cuts and rising demand for crude could push oil prices to US$ a barrel in , Barron s report said. Quotingysts, the weekly American business newspaper said that Organisation.Writing about oil prices is always risky. In a January , I suggested that oil prices would not continue to fall, and even predicted that they would "finish the year higher than they were when it began." I was wrong then but I might not be wrong for much longer. I recently spoke at the massive Abu Dhabi .
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