Bank of America warns oil could exceed $150 a barrel if supply tightening continues
According to MarketWatch, Bank of America strategists warn that Brent crude oil prices could exceed $150 a barrel if supply disruptions from Middle East conflicts persist into spring 2027. The bank attributes this potential price spike to continued tightening in global oil supplies.
Key facts
- 01Bank of America strategists predict Brent crude could spike above $150 a barrel.
- 02The forecast assumes Middle East fighting causes supply disruptions lasting into spring 2027.
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