Bank of America strategist Bla

Bank of America strategist Blanch stated bluntly that if Iran attacks nearby facilities, Brent could instantly break above $100, with European gas prices surpassing €60.

JPMorgan’s Kaneva added a critical detail: if the conflict drags on for more than three weeks, Gulf oil could have “nowhere to go.” Once storage capacity is exhausted, producers would be forced to halt output — potentially sending oil straight to $120.

Crude Oil Surges Past $100, Up 23%! Has Oil Price Changed?

CLMAIN skyrocketed 23% to $119. USO reached $133 in after-hours trading. The main drivers are supply disruptions in crude oil combined with rising geopolitical risk premiums. Several Wall Street firms have raised their short-term oil price targets in recent reports. Coupled with EIA inventory drawdowns and expectations of continued OPEC+ production cuts, capital is clearly flowing back into energy ETFs. Do you think this marks the start of a trend revaluation, or is it just a short-term peak driven by maximum sentiment?

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