REUTERS/Denis BalibouseSINGAPORE, Sept 27 (Reuters) - Global oil prices may stay under $100 a barrel for the rest of the year as rate hikes from central banks have tightened credit and reduced investments in risk assets such as commodities, commodities trading major Trafigura said on Tuesday.
"The balance of risks and what we know today suggests that it would take quite a few changes in the market for oil to trade well above $100," Rahim said.
Oil demand could rebound next year if China lifts COVID-19 restrictions and if the U.S. Federal Reserve pauses or cuts interest rates to support growth, he added.
These factors, underpinned by underinvestment in the oil sector and low global oil inventories, could eventually push Brent back above $100 a barrel, Rahim said.
The oil market is also watching out for possible supply responses from the Organization of the Petroleum Exporting Countries amid lower prices.