BofA Sees Brent Crude Prices Averaging $60-80/Bbl Into 2031
ReutersFeb 10, 2026 10:27 AM
Feb 10 (Reuters) - BANK OF AMERICA:
SEES BRENT CRUDE PRICES AVERAGING $60-80/BBL INTO 2031
SAYS BRENT PRICES HAVE BEEN ON A STEADY DECLINE AFTER HITTING $128/BBL IN 2022 AND MAY SEE MORE DOWNWARD PRESSURE THIS YEAR AND NEXT AS SUPPLY KEEPS EXCEEDING DEMAND
SAYS SURPLUS THIS YEAR AND NEXT COULD PUSH BRENT AT TIMES BELOW $60/BBL
MAINTAINS FORECAST THAT BRENT WILL AVERAGE $60/BBL OR SO THIS YEAR, DOWN FROM $68 IN 2025 AND $62 IN 2027
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