oil suppliers

What If Oil Goes To $100?

Brent oil prices are up more than 30% this year and have reached levels last seen in 2014. BoAML’s team on Commodities have revised up their forecasts; they now expect Brent to peak at $95/bbl by the end of 2Q 2019. They also consider the impact on global growth of an even larger and more sustained oil spike. Specifically discuss the factors that could drive oil prices to $100/bbl, and hash out the winners and losers.