Oil prices will return to above $80 per barrel in the second half of this year and could continue rising toward $90 due to a deepening supply deficit, Francisco Blanch, head of commodities research at Bank of America, told Bloomberg Television on Friday. This quarter will be a little weaker, with oil prices averaging in the mid-$70s, Blanch said. "We'll get back up over $80 in the second half of the year, toward $90, because the deficit is going to get deeper over the course of the next six to nine months," BofA's head of commodities research…
Hence then, the article about bank of america sees oil prices heading toward 90 this year was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Bank Of America Sees Oil Prices Heading Toward $90 This Year )