Bank of America predicts Brent crude will hit US$100 a barrel in 2022
LONDON (Reuters) - The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.
North Sea Brent futures traded at a premium of US$1.89 to U.S. West Texas Intermediate (WTI) on Friday, its narrowest since Nov. 11.
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