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Bank of America: If Middle East conflict continues into the second half of the year, Brent oil price may rise to $130 per barrel

Bank of America: If Middle East conflict continues into the second half of the year, Brent oil price may rise to $130 per barrel

Odaily星球日报Odaily星球日报2026/03/16 13:32
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Odaily reported that Bank of America stated if the Middle East conflict continues into the second half of this year, its team expects the average price of Brent crude oil to reach $130 per barrel. Once the Iran war ends, their team anticipates the oil market will return to an oversupply situation, driving Brent crude oil prices down to $65 per barrel by 2027. (Golden Ten Data)

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