Lates News

Bank of America expects the average price of Brent crude oil in the second half of 2025 to be $64 per barrel. With increased production from OPEC+ and more refining capacity coming online, Bank of America expects the price spread of oil products to narrow in the fall. Bank of America predicts that the average prices of Brent crude oil and WTI crude oil this year will be $67 and $64 per barrel, respectively; and forecasts global demand to increase by around 90,000 barrels per day in 2025 and by 120,000 barrels per day in 2026.