There is no reason for oil to go over $100 a barrel unless there is an unknown factor driving the price. The market has reacted to a bit of economic data and growth and demand increases. I think the price will fall back when people get back from their Easter break. Fundamental supply and demand justifies $75 a barrel – $86 per barrel is a step too far.
DAVID BUICK | BGC BROKERS
No. In the immediate future oil will not hit $100 per barrel. Although the price has made significant progress in the past few months there is a massive global debt problem that is set to affect growth. The current price is sustainable until June/July. Demand from India and China and good manufacturing figures from the US have sparked the rises over the past of couple of days.
JEREMY BATSTONE-CARR | CHARLES STANLEY
You can never say never but I have my doubts about oil reaching $100 a barrel. Monetary policy is tightening in Asia and the hurricane season is upon us in the US which will both affect the price. The movement over the past couple of days has been on the back of strong employment data in the US and hopes of an economic revival.