Banks including BAC lift oil forecasts on Gulf shipping disruption
Goldman Sachs and Bank of America, including BAC, raised oil price forecasts this week, citing persistent Middle East shipping disruptions that tightened oil markets and pushed crude to multi-week highs.
Banks including Goldman Sachs and Bank of America NYSE:BAC have raised their oil price forecasts this week, with persistent disruptions to Middle East shipping tightening oil markets and pushing crude prices to multi-week highs.