Brent could push past US$150/bbl if Russian oil exports shrink, BofA says


"With our $120/bbl Brent target now in sight, we believe that a sharp contraction in Russian oil exports could.... push Brent well past $150/bbl," the bank said in a research note.

NEW YORK: Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday.

Oil prices surged after Russian's Ukraine invasion, which Moscow calls a "special operation", and are currently just below the $120 a barrel level. O/R

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