Bank of America: If Middle East Conflict Persists into Second Half of the Year, Brent Crude Oil Prices Could Rise to $130 per Barrel

Odaily According to Bank of America, if the Middle East conflict continues into the second half of this year, the bank's team expects the average price of Brent crude oil to reach $130 per barrel. Once the war in Iran concludes, the team anticipates the oil market will return to a state of oversupply, pushing Brent crude prices down to $65 per barrel by 2027. (Jin10)