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Bank of America Warns Oil Could Hit $150 Amid Iran War Risks
The bank said damaged infrastructure and falling inventories could keep Brent in backwardation and push prices well above $150 a barrel.
Summary by Quartz
8 Articles
8 Articles
Bank of America warns Oil could top $150 a barrel if supplies tighten further
According to a report from MarketWatch, Bank of America warned Tuesday that oil could climb above $150 a barrel if inventories keep draining while the Iran war continues. The New York bank raised its year-end forecast for Brent crude from $83 a barrel to $95. Strategists led by Francisco Blanch, head of global commodities, equity […]
Bank of America Says It May Take $150 Oil to Break the Economy - United States Brent Oil Fund, LP ETV (AR
Bank of America raised its second-half Brent forecast to $95 a barrel. The bigger warning is in the tail: if disruptions last into spring 2027, oil may need to top $150 before demand breaks.
Bank of America increased the forecast of the Brent barrel at the end of the year to $95 per barrel
Coverage Details
Total News Sources8
Leaning Left1Leaning Right1Center2Last Updated50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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