Trafigura’s Saad Rahim considers when oil will top $100 a barrel. Oil could top $100 a barrel in the next 12 to 18 months as the recovery from the pandemic drives a rebound in demand, according to Trafigura Group . “The market is hungry for oil,” Saad Rahim, Trafigura’s global chief economist, said Tuesday in an interview with Bloomberg Television. The trading house joins a chorus of market-watchers predicting that crude could reach triple digits again in the right conditions. Benchmark Brent has surged above $75 a barrel for the first time in two years as economies emerge from Covid-19 restrictions, pushing up demand for gasoline, diesel and even jet fuel. The pick-up in consumption — now driven by the U.S. and Europe — and the “structural underinvestment” in new production will underpin a further rise in prices, Rahim said. “Eventually you are going to be in a […]