Oil Prices Rise: What Happens Next?

CNBC
By: Catherine Boyle

Analysts are divided on the immediate future for oil prices after recent rises, but caution that emerging markets and energy stocks could be affected.

Daniel Hurst | Photographer's Choice | Getty Images

Prices have been driven higher because of renewed concerns about Iran’s political situation and sanctions imposed on Iran oil by Western governments.

At the same time, concerns about the Western economies – particularly Europe – could dampen the cost of oil. [LCOCV1  123.77    0.15 (+0.12%)   ]

“Even if everyone loves each other, oil prices have very little downside potential. The market doesn’t have enough supply and we are running quite tight,” Johannes Benigni, Managing Director, JBC Energy, told CNBC...read more.