May 8, 2026
‎BofA, Standard Chartered raise Brent price forecasts

Oil drilling rigs

Bank of America (BofA) and Standard Chartered raised their oil price forecasts for this year, citing a prolonged supply shock linked to the closure of the Strait of Hormuz and the risk of extended disruption in global energy markets.

BofA now expects Brent crude to average $77.5 per barrel this year…
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