Bank of America predicts Brent crude oil to have an average price of $90 per barrel this year

The head of commodity and derivatives research at Bank of America predicts that the average price of Brent crude oil for the remainder of this year may reach $90 per barrel. If the stalemate with Iran continues or if the new conflict escalates, the price may further rise to $130 per barrel. Goldman Sachs previously raised its year-end Brent crude oil price forecast to $90 per barrel, and its WTI crude oil price forecast to $83 per barrel.