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المشهد العربي
Bank of America increases Brent forecast to $95
Bank of America has raised its forecast for Brent crude oil' s average price in the second half of the year to $95 per barrel, compared to its previous estimate of $83. It considers ongoing clashes and geopolitical turmoil that affect the oil market to be ongoing. Although alternative routes and the securing of tanker passages through the Strait of Hormuz have helped reduce supply shortages, infrastructure destruction and political crises are delaying the recovery of production levels. The bank expects the average price to remain around $80 in 2027, with stable predictions of $91 in 2026, though prices could rise above $150 if the supply crisis persists or sabotage increases.
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