{"id":50728,"date":"2021-09-13T17:30:20","date_gmt":"2021-09-13T13:30:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50728"},"modified":"2021-09-13T17:30:22","modified_gmt":"2021-09-13T13:30:22","slug":"bofa-may-set-a-target-at-100-per-barrel-if-winter-comes-cold","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bofa-may-set-a-target-at-100-per-barrel-if-winter-comes-cold\/09\/13\/market-updates\/","title":{"rendered":"BofA: May Set a Target at $100 Per Barrel if Winter Comes Cold"},"content":{"rendered":"\n<p>Bank of America said it may advance its $100 oil target to the next six months from mid-2022 if the winter comes colder than usual, potentially driving a rise in demand and a widening supply deficit.<\/p>\n\n\n\n<p>The bank said in a note dated September 10 that the colder winter than usual may lead to a rise in global oil demand by one to two million barrels per day, while the supply deficit will easily exceed two million barrels per day, according to this scenario.<\/p>\n\n\n\n<p>The bank maintained its forecast for the Brent price in the second half of 2021 at $70 a barrel, predicting that prices would move in a narrow range, but said that it expected a Brent price at $75 a barrel by the end of the year with the growth factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America said it may advance its $100 oil target to the next six months from mid-2022 if the winter comes colder than usual, potentially driving a rise in demand and a widening supply deficit. The bank said in a note dated September 10 that the colder winter than usual may lead to a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7236],"class_list":["post-50728","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-bank-of-america"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=50728"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50728\/revisions"}],"predecessor-version":[{"id":50729,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50728\/revisions\/50729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35456"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=50728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}