BofA Says Brent Could Top $150 a Barrel if Iran War Supply Disruptions Persist
JH Kim
Summary
- Bank of America, or BofA, said oil supply disruptions caused by the war in Iran could push Brent crude above $150 a barrel if they persist for an extended period.
- BofA said the duration of supply disruptions caused by the Iran war is the key variable for global oil prices.
- BofA said prolonged supply disruptions could intensify pressure on global crude supply and demand, potentially pushing Brent crude above $150 a barrel.
Forecast Trend Report by Period
Bank of America said Brent crude could rise above $150 a barrel if oil supply disruptions caused by the war in Iran persist.
Cointelegraph reported on September 22 that BofA identified the duration of supply disruptions stemming from the Iran war as the key variable for global oil prices.
The bank said prolonged disruptions could intensify pressure on global crude supply and demand, potentially pushing Brent above $150 a barrel.
Still, the forecast is a scenario based on the assumption that supply disruptions last for an extended period.
JH Kim
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