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Oil may be headed to $80 next, says drilling pioneer Harold Hamm

May 23, 2018

Via: CNBC
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Oil prices still have room to run after rallying to 3½-year highs, drilling pioneer Harold Hamm said Wednesday.

The Continental Resources chairman and CEO said benchmark U.S. crude prices could still rise by about $10 from current levels near $72 a barrel.

“We’re not looking at $100 oil in the future, or probably $90 oil, but it certainly could be in the mid-$70s and low $80s,” he told CNBC in an interview on the sidelines of the Williston Basin Petroleum Conference in Bismarck, North Dakota.

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