OPEC sees strong oil demand recovery: Paul Hickin, S&P

For the next couple of months, we would like to see oil prices at 70 dollars a barrel as a support and it might creep higher oil prices over that time, but that is the level which starts to trigger OPEC plus group back on to the market, says Paul Hickin, Associate Director-Oil, S&P.

ET Now: We are seeing oil at a multiyear high given the fact that we are seeing a rapid pace of vaccination that is stoking hopes of a recovery kicking in, how do you see oil prices faring in the next couple months, it is obviously going to be a concern for India but for the rest of the world as we are seeing demand picking up, how do you see oil prices?