Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight short term supply outlook. This came as officials of Organisation of Petroleum Exporting Countries (OPEC) declared that a $100 per barrel oil price is possible in the next few months. Brent crude futures were up 81 cents, or 0.9%, to $88.32 a barrel at 1432 GMT. The benchmark contract earlier touched $89.05, its highest since Oct. 13, 2014. U.S. West Texas Intermediate…
Read MoreJUST IN: Oil hits $89.32/bbl highest since 2014 as OPEC+ Eyes $100/bbl
