S&P Global vice chair says Brent oil prices could rise above $120 when China fully reopens

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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