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BofA Forecasts Brent to Average $63 This Year
March 17th, 2021 - 08:00 GMT

BofA Forecasts Brent to Average $63 This Year

With monthly Opec+ decisions and accelerating global economic activity and mobility as immunization programs advance, Brent and WTI are forecasted to average $63 and $60 per barrel (/bbl) this year respectively, said a new BofA Global Research report. With crude oil markets tightening globally, BofA has increased its 2021 and 2022 oil projections toward the centre of its medium-term oil price band. Meanwhile, BofA sees see $60/bbl Brent and $57/bbl ...
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