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BofA: Brent Crude at $120 in The Middle of This Year.

Adel 22 February, 2022 3:38 pm Cryptocurrency, Market Update

The Research Center at Bank of America expected the price of Brent crude oil to reach the level of 120 dollars per barrel by the middle of this year.

Today, the price of oil rose to its highest level since 2014, following Russia’s recognition of the separatist republics in eastern Ukraine, and the landing of Russian forces in the areas declared independence.

Today, the price of oil is retreating somewhat from the highest level recorded during today’s trading, 96.13 dollars per barrel.

And if the Russian-Ukrainian crisis continues, oil will witness a further rise, given Russia’s position as the largest oil producer in the world, and this war threatens supplies.

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