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BofA Global Research Reveals Latest Oil Price Forecasts
BofA Global Research has revealed its latest Brent and WTI oil price forecasts for 2024 in a new report published Tuesday, which was sent to Rigzone. In the report, BofA Global Research outlined that it was maintaining a Brent forecast of $90 per barrel and a WTI forecast of $85 per barrel for next year. “While better global energy demand trends in 2024 could further extend the upward momentum in energy prices, we see limits,” BofA Global Research analysts noted in the report. “Our economics team recently upgraded their global GDP forecast and now expects growth of three percent in 2023 and 2.8 percent in 2024. ... (full story)