Report $100 Oil Anticipated With Glee As Fed Spike Commodity Prices in House prices and the economy Posted November 2, 2010 http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/8105143/Oil-price-spikes-on-Libyan-talk-of-100-barrel.html Benchmark US crude for December delivery rose to a high of $84.14, up $1.19, before slipping back to trade at around $83.94 by 1445 GMT, adding to gains of nearly 2pc on Monday. ICE Brent crude climbed 70 cents to $85.32. Shokri Ghanem, chairman of Libya's National Oil Corp, told Reuters he thought oil prices would get closer to $100 by the end of the year. If QE2 proves to be a damp sqibb commodities may collapse overnight. A lot rides on ben's decision at 18:30 GMT tomorrow. Will that be 17:30 our time? We're on GMT.