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.