100 dollar oil?

Global oil prices are teetering close to 100 dollars per barrel which risks fanning the flames of global inflation, strengthening the case for higher for longer rates and adding backbone to the dollar.

Conversations in the energy market are increasingly fixated on when, rather than if, oil prices will breach the 100-level threshold. In this week’s podcast, Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research (EMEA), contextualises the current state of affairs and offers his perspectives as to why most of the oil rally may be behind us and prices are unlikely to sustainably exceed 100 dollars per barrel.