Bank of America Analyst Projects Brent Crude Price Range of $90 to $130
Francisco Blanch of Bank of America stated that Brent crude prices could reach $90 per barrel in a best-case scenario. He noted higher risks if tensions involving Iran continue and supply remains tight.
Francisco Blanch of Bank of America said Brent crude prices could reach around $90 per barrel under current conditions. He added that prices could move higher if tensions around Iran persist.
Blanch stated that tight global supply and potential disruptions in the Strait of Hormuz are already creating a significant deficit. He said this situation supports higher-for-longer oil prices. In more severe scenarios, Blanch sees prices rising toward $120–$130 if a blockade continues or conflict escalates.
He noted that such developments would underscore risks of prolonged energy market stress.
Key Facts
Potential Impact
- 01
Higher oil prices could increase costs for transportation and manufacturing sectors.
- 02
Energy market participants may adjust hedging strategies in response to price forecasts.
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