By the summer of 2022, the price of Brent oil will grow to $ 120 per barrel, promised Bank of America analysts. It is reported by Bloomberg.
Analysts stressed that the global energy crisis that spurred the prices of coal and gas has already accelerated the growth of oil futures on the Exchanges of London and New York. Next year, the rally will continue and will be reinforced with high demand for gasoline, diesel fuel and kerosene.
At the end of October, the exchange prices for oil rose to perennial maxima. For example, on October 25, WTI set the record, exceeding $ 85 per barrel for the first time since October 2014. Brent then traded at 85.99 dollars per barrel – this is the maximum over the past three years.
In mid-October, Vladimir Putin recognized the rise in price of oil to 100 dollars per barrel. Such a statement alarmed the United States, Japan and India: countries have a significant pressure on countries included in OPEC + to increase oil supplies to compensate for significant increase in prices on the stock exchange.