Yergin: Oil Prices Could Go As High As $75 In 2022

The global oil demand recovery and a lot of spare capacity that OPEC+ has yet to bring back to the market suggest it is reasonable to expect that oil prices will trade between $60 and $75 a barrel one year from now, oil expert and IHS Markit Vice Chairman, Daniel Yergin, told CNBC on Tuesday. “If we really do have the rest of the world recover, I think it’s reasonable to think that oil would be in that $60 to $75 range,” Yergin told the CNBC program “Street Signs Asia.” Demand is set to rebound with the United States…