Why Bank Of America Thinks Oil Prices Are Heading To $100 ...Middle East

Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America says.  Oil Prices Could Climb Above $100 If winter temperatures in the northern hemisphere turn out to be below seasonal norms, oil demand would spike and could lead to oil shooting up to the $100 mark, Bank of America Global Research said in a recent note carried by Reuters. BofA Global Research said in June that expectations of a strong…

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