Anuj Gupta, Head Commodity & Currency at HDFC Securities, predicts that crude oil prices will likely stay below $100 per barrel in the long term due to the unpreparedness of economies for another bout of inflation. He believes that in a demand-supply mismatch, producers will increase crude oil production. Despite recent increases in output from Nigeria and Iran, Gupta expects the oil market to remain in deficit in 2023. He also suggests that crude oil prices may witness a correction before resuming their rally.