✅ Fact-checked    

Bank of America predicted the return of oil prices to $100 per barrel

Analysts at Bank of America predicted a return of oil prices to $100 per barrel. This is reported by Bloomberg.

According to the data presented, such changes in the oil market may occur within a few years.

At the same time, according to analysts, the increase in the cost may provoke the introduction of programs to stimulate the economy in the countries, as well as the improvement of fundamental indicators.

In addition, forecasts for prices for the North Sea Brent oil mixture in 2021 were also raised by Bank of America specialists. In their opinion, the price of Brent will be $60 per barrel, and in the second half of the year — $70 per barrel. Experts added that this will be due to the suspension of oil production in Texas and the subsequent reduction in supplies to the international market.

Earlier it became known that the price of Brent oil exceeded $67 per barrel for the first time since January 2020.

Views: 152


Add a comment!