CNBC | Oil jumps 2 percent as market tightens, more gains seen CNBC Oil prices rose 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel. Brent crude hit its highest since May at $80.47 per barrel ... Major Traders Are Talking About $100 Oil Again IMO 2020 to cause one-off oil demand surge before market adjusts: OPEC OPEC Signals No Rush to Increase Oil Output |