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Oil could spike above $100 next year, Bank of America says

CNBC2021-06-21

Oil could hit $100 per barrel next year as demand outstrips supply, according to Bank of America. The firm identified three factors on both the demand and supply side that should support prices into ...

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Comment27

  • Tongdadd
    ·2021-06-22
    To think it was actually at negative value this time last year 
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  • SandDust
    ·2021-06-22
    Not happening simply because Opec still have spare capacity, Iran potential oil back to market and US shale oil usually react very fast to market price. 
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  • sjcy
    ·2021-06-22
    Wish the same spike will happen for oil companies shares. 
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  • Rteo
    ·2021-06-22
    Time for O&G?
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  • Novice294
    ·2021-06-22
    Thought the world is moving towards renewable energy?
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  • Sg73
    ·2021-06-22
    Great ? 
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  • SLabcd
    ·2021-06-22
    Oh so expensive?
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    • YunaTuna
      lolx
      2021-06-22
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  • skli
    ·2021-06-22
    Wow... Crazy 
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    • SLabcd
      Yes
      2021-06-22
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  • mao1e
    ·2021-06-22
    Wow
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  • Frosty4ever
    ·2021-06-22
    From reopening of global economies? Plausible but a lot depend on how well countries control Covid and gravel resuming on big scale. 
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  • zzgundam
    ·2021-06-22
    I don't think the oil price can hit $100 as it will cause huge inflation which US government and Federal would not like to see. Hence, US can use all its tools such as allowing more shale oil or signing deals with Iran. Lastly, don't forget US has tremendous power in OPEC+, US can let them produce more barrels per day. 
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    • Syu4N
      [Strong][Strong][Strong][Strong]
      2021-07-23
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    • Syu4N
      ?
      2021-07-13
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    • Syu4N
      ?
      2021-07-08
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    View more 2 comments
  • JackalCruz
    ·2021-06-22
    Where is the demand coming from? 
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  • Miraclemin
    ·2021-06-22
    Gg
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  • HMKuan
    ·2021-06-22
    Subjected to supply and demand 
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  • MouseKing
    ·2021-06-22
    [驚訝] 
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  • Mingric
    ·2021-06-21
    Hope it goes up
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  • Alkid
    ·2021-06-21
    Sure
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    • leyvancs
      cheers !
      2021-06-21
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  • leyvancs
    ·2021-06-21
    Like and comment and I'll do the same !
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  • Jabin85
    ·2021-06-21
    Wow, interesting
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  • Brosnananana
    ·2021-06-21
    Yee
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