Tony Nunan, the Tokyo-based manager for energy risk management at Mitsubishi Corp, agreed US$100 oil was a possibility.
"I don't want to cause panic in the market ... but I think the market has to understand that triple-digit [oil prices] are not a fantasy anymore and are definitely possible," he said.
"We'll definitely be seeing US$80. It could either gradually escalate ... or it could explode," Nunan said.
RSS