Bank Of America Lowers Its Long-Term Oil Price Target To $70/bbl – ValueWalk Premium
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Bank Of America Lowers Its Long-Term Oil Price Target To $70/bbl

Bank Of America Lowers Its Long-Term Oil Price Target To $70/bbl

Bank of America Merrill Lynch has lowered its long-term price target for Brent crude oil to $70 a barrel down from $80 a barrel previously. In a report published at the beginning of this week, the bank’s global oil and gas equity analysts explain why they have decided to make this change.
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