JPMorgan's Malek Sees Oil Normalizing Towards $100/Bbl

JPMorgan Head of EMEA Energy Equity Research Christyan Malek says the reduction in spare capacity and rising production costs are behind his firm's bullish call for crude oil. “We've looked at historic analysis and $100 oil is not that expensive,“ he says on “Bloomberg Surveillance.“ Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: