Bank of America raised its 2024 Brent and WTI oil price forecasts
- expects Brent to average $86 per barrel in 2024
- expects WTI to average $81
- and for prices of both to peak circa $95 / bbl during northern summer
BoA cite:
- escalating geopolitical tension
- OPEC+ continuing with the supply curbs
- improving economic growth expectations
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ps. There is more here on China's demand for oil picking up:
