Is $100 Oil On The Horizon?

OANDA’s senior analyst Craig Erlam has told City A.M. that oil prices could reach $100 per barrel during the first quarter, following intense rallies over recent days. His bullish forecast follows upbeat commentary on prices published in his latest market update, where he argued tightening supplies amid rebounding demand meant high prices are here to stay. Erlam said: “This imbalance has led to surging prices which will further pressure households and businesses already fighting high inflation What’s more, not only does the rally…