Bank of America (BofA) Global Research has raised its average West Texas Intermediate (WTI) price forecast to $39.780 per barrel from the previous estimate of $32. The price forecast for Brent has also been raised higher to $43.70 per barrel this year, up from its previous forecast of $37 per barrel. The investment bank has cited stronger demand recovery and OPEC+ output cuts as reasons for the upward revision of the price forecast. BofA’s long-term forecasts (Source: Reuters) The US benchmark will average US$47 a barrel in 2021 and US$50 in 2022 Brent Crude to average US$50 and US$55 per barrel in 2021 and 2022, respectively. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tokyo Governor Koike: New coronavirus case numbers are large today FX Street 2 years Bank of America (BofA) Global Research has raised its average West Texas Intermediate (WTI) price forecast to $39.780 per barrel from the previous estimate of $32. The price forecast for Brent has also been raised higher to $43.70 per barrel this year, up from its previous forecast of $37 per barrel. The investment bank has cited stronger demand recovery and OPEC+ output cuts as reasons for the upward revision of the price forecast. BofA's long-term forecasts (Source: Reuters) The US benchmark will average US$47 a barrel in 2021 and US$50 in 2022 Brent Crude to average US$50 and US$55 per… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
