Analyst predicts $200 oil could happen this year

Goldman analyst predicts $150 to $200 oil could soon be reality, but peak price still unclear

NEW YORK (AP) - A Goldman Sachs analyst predicts that oil prices could reach $150 to $200 a barrel over the next 6 months to two years, but said that how far prices could climb still "remains a major uncertainty."

"We believe the current energy crisis may be coming to a head, as the lack of adequate supply growth is becoming apparent," analyst Arjun N. Murti wrote in a client note.

Oil for June delivery hit a record $122 a barrel Tuesday in electronic trading on the New York Mercantile Exchange.