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BofA Lifts H2 2026 Brent Crude Forecast to $95 From $83

Bank of America raised its Brent crude oil price forecast for the second half of 2026 to $95 per barrel from $83 per barrel. The revision implies the bank expects crude prices to run well above its previous outlook over that period.

Original source

AI take

This is a bank revising a number, not a market moving on new supply or demand data, so the signal is about how sell-side houses are framing the back half of 2026 rather than about today's crude balance. The revision matters mainly as a marker of where institutional expectations are drifting, and whether other banks follow with similar upward revisions is the open question. For crypto and RWA readers, the relevance is indirect: a higher-for-longer crude path feeds into the same inflation and rate expectations that have driven correlation between digital assets and macro risk sentiment.

Generated by AI for reference only.

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