News

Aug

17

Bank Of America: Brent Will Recover To $60 In H1 2021

Bank of America expects oil prices to recover to $60 a barrel for Brent crude in the first half of next year thanks to shrinking global inventories and prices improving faster than previously expected.
“Back in June, we upped our oil price forecasts by $5 per barrel (fbbl) and argued that Brent would average $43/bbl in 2020 and $50/bb] in 202l,” Bank of America’s analysts said as quoted by Trade Arabia.