Oil prices to surpass $100 per barrel

Oil prices are once again a major concern among investors everywhere, with prices surging beyond $90 a barrel in the last few days on worries that Turkey might attackKurdish separatists in northern Iraq. Although prices have eased a bit due to expectations of a US economic slowdown, which will likely curtail demand on oil, current levels are still well above last yearÆs record high of around $78 a barrel. Shane Oliver, Sydney-based head of investment strategy and chief economist at AM…