Brent oil will likely hit $150 a barrel this year as the supply shock from the war in Europe coincides with resilient demand from people keen to travel after the virus, according to veteran commodities trader Doug King. The world has few options to pump more crude, and there’s little sign that consumption is under threat, said King, who runs the $425 million Merchant Commodity Fund, which returned 28% in the first two months of this year. “Jet fuel demand is going to come back, travel is going to come back,” he said in an interview on Friday. “I think people have money. They’re going to go spend it, so I don’t see the demand destruction at these prices.” Travelers view the departures boards at Tijuana International Airport in Mexico in January. Oil was already elevated before Russia invaded Ukraine as supply struggled to keep up with the demand […]