Expect $100 to be the new normal for oil prices thanks to production cuts, higher interest rates, and lack of investment, JPMorgan energy analyst says

• Oil prices are set to normalize at around $100 a barrel, according to a top JPMorgan energy analyst. 
• "Put your seatbelts on. It's going to be a very volatile supercycle," Christyan Malek told Bloomberg. 
• Crude prices could hold at elevated levels, thanks to a trifecta of production cuts, high interest rates, and lack of investment in the oil industry, he added.

Global oil prices could see a new normal around $100 a barrel thanks to a trifecta of higher interest rates, production cuts, and lack of investment in the industry, according to a top JPMorgan energy analyst. 

Speaking in a Bloomberg interview, Christyan Malek warned of a volatile ride for crude costs for the foreseeable future.