Renewed U.S.-Iran tension could push oil past $100: Rapidan Energy

What happened: Rapidan Energy's Bob McNally said oil prices could spike as U.S. action on Iran nears. Key numbers: McNally predicts Brent and West Texas Intermediate futures will jump above $100. Why it matters: The forecast points to a sharp rise in crude benchmarks if U.S. action on Iran proceeds.

Rapidan Energy's Bob McNally said oil prices could spike as U.S. action on Iran nears.

The forecast points to a sharp rise in crude benchmarks if U.S. action on Iran proceeds.