Expert view: 3 things that's keeping crude on the boil

In an interview with CNBC-TV18, Jonathan Barratt, MD of Commodity Broking Services, spoke about his reading of the commodity universe and his outlook. 

Below is a verbatim transcript of the interview. Also watch the accompanying video. Q: The run in crude seems unrelenting. Do you think USD 120 a barrel is here to stay?
A: It has been very interesting. We have had those moments where we felt that crude will actually stop continuing to move higher. But I get the feeling that people are buying crude purely on expectations that the Gulf concerns will spread and purely on expectations the global growth is with us.
So at the moment it certainly feels that it wants to continue to go higher