U.S. shale is more vulnerable than in past price wars, needing $65+ WTI to stay profitable amid rising costs and geological ...

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $48.97, ...

Oil prices face downward pressure due to a surge in global inventories and slowing demand growth, according to a note from Bank of America (NYSE:BAC) on Monday. "Observed oil inventories have ...

Earlier this month, analysts at Bank of America (BofA) predicted that both Brent and West Texas Intermediate (WTI) crude oil prices could hit $95 a barrel this summer. While that likely wouldn't ...

Bank of America on Tuesday cut its Brent oil projection by 9% to $80 a barrel for 2023. "Monetary forces are dragging down Brent crude prices," the commodities research team said. The fight in ...

Separately, Bank of America’s Commodities Research team has revised down its Brent oil price forecast to $75 per barrel for the second half of 2024, down from nearly $90, and for 2025, reduced ...

OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war ...

Bank of America Global Research said oil prices could rise higher or sink lower, depending on what happens next in global markets. "Surging inflationary pressures from food to energy to services, ...

Saudi Arabia is batting down the hatches for a "long and shallow” oil price war, in part to clip the wings of US shale energy ...

A sector once viewed as a classic Trump trade has been left behind by investors this year, but there are several reasons it ...