Total CEO says oil price could hit $100 'in coming months'

WASHINGTON - The CEO of French oil giant Total said Thursday he would not be surprised to see the price of a barrel of crude reach $100 "in the coming months."

Patrick Pouyanne's remarks come as oil prices continue to rise on geopolitical instability fears. Toward 0950 GMT, a barrel of North Sea Brent passed $80 for the first time since November 2014. — Agence France-Presse