Projections for oil prices to hit $100 per barrel overlook key questions over the future of demand, according to Mohamed El-Erian
prices have spiked above $80 in recent weeks as post-pandemic demand outstrips supply. Surging natural gas prices have also caused crises around the world, most notably in Europe.energy conference in Abu Dhabi, El-Erian said he agreed with earlier remarks by Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company, that global markets had "sleepwalked" into the energy crisis.
Although noting that market watchers had not anticipated $80 per barrel oil prices at the beginning of the year, he dismissed suggestions that they could top $100.
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