Forex Live | Dec. 21, 2022
S&P Global vice chairman Dan Yergin spoke with CNBC:
- “Our base case for 2023 is $90 for Brent but you have to look at other cases”
- “If China gets over Covid … then you add a lot of demand to the market”, that could be “one big boost” and push prices to $121 a barrel,
On the flipside, Yergin said prices could fall to around $70 per barrel in a recession
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