Bank of America: Predicts Oil at $ 120

The price of Brent crude by the end of June 2022 will increase to $ 120 per barrel. This forecast was given by analysts at Bank of America.

They said the increased demand for gasoline, coupled with limited refining capacity, could accelerate the rise in feedstock prices next year.

The global energy crisis has led to a sharp increase in coal and gas prices around the world, which contributed to an accelerated recovery in oil futures, Gazeta.ru reported.