The commodities expert with Scotia Capital expects the price of oil to ease slightly in the fourth quarter of the year.

Patricia Mohr says a number of factors, ranging from supply and demand to geo-political events, helped drive up the price of crude in the third quarter.

Moving forward, Mohr sees the price of a barrel of oil hovering around the $90 mark, but adds when it comes to oil there are no guarantees.

“There’s always the room for surprise,” Mohr tells 660News. “The middle east tensions continue to be quite magnified and you never know.  The prices actually could move even higher.”

Mohr predicts the price of crude will return to triple digits in 2013. As for natural gas, she doesn’t see any huge price increases on the horizon.

“I think natural gas prices could rally a little bit further over the winter heating season,” says Mohr who sees the commodity hovering around the $3 mark. “But I think it’s probably going to be fairly muted just because the market is so cognizant of more than ample supplies from the new shale developments.”

Mohr doesn’t see a solution to depressed natural gas prices until more of the product is shipped offshore.