Newsfeed: BofA: Sharp Decline In Russian Exports Could Send Oil Above $150
Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America.
Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America.
Russia’s invasion of Ukraine and the sanctions that have been levied against it have sent shockwaves through global energy markets. Inventories in major oil-consuming developed economies, including in the United States, have been falling steadily.