Markets

Mercuria: Oil price will stay high

Marco Dunand, chief executive of Mercuria, one of the biggest energy trading houses in the world, believes that a combination of pressures will conspire to keep oil between $100- $120 a barrel for the foreseeable future. He tells the FT's Javier Blas that the proliferating links he sees between energy and food commodities - such as ethanol and corn - are likely to keep food prices up also.