BofA sees rising oil surplus from OPEC+ output pushing Brent below $60 in H2

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the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus.

BofA forecasts an average oil market surplus of 890K bbl/day

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