Oil could surge nearly 50% when China completely reopens after ending zero-COVID policy, energy expert Dan Yergin says

Dec 21 2022 by Business Insider

 

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Brent crude oil could rise to $121 a barrel when China fully reopens its economy, Dan Yergin said.  Brent crude trading at that level would mark a 48% rise from Wednesday's price at around $81 a barrel.  A "real recession" could push Brent down to $70 a barrel, Yergin said. 

Brent crude oil could jump to $121 a barrel next year when China fully reopens its economy after abandoning strict policies to restrain COVID-19 infections, says energy...

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