Oil prices may be poised for a short-term rally as CTAs face pressure to cover their short positions, supported by ...

Bank of America: Saudi Arabia is preparing for a prolonged oil price war to regain market share. U.S. shale is more vulnerable than in past price wars, needing $65+ WTI to stay profitable amid rising ...

Saudi Arabia is batting down the hatches for a "long and shallow” oil price war, in part to clip the wings of US shale energy ...

OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war ...

Oil prices face downward pressure due to a surge in global inventories and slowing demand growth, according to a note from Bank of America (NYSE:BAC) on Monday. "Observed oil inventories have ...

A looming global oil surplus of around 800,000 barrels a day is likely to keep pressure on crude prices in 2025, with production growth set to outpace the increase in demand, Bank of America said ...

A sector once viewed as a classic Trump trade has been left behind by investors this year, but there are several reasons it ...

Separately, Bank of America’s Commodities Research team has revised down its Brent oil price forecast to $75 per barrel for the second half of 2024, down from nearly $90, and for 2025, reduced ...

However, efforts to bolster oil prices are unlikely to pan out, Bank of America said. Instead, limiting supply means that ...

Investing.com -- Bank of America (BofA) is forecasting more downside risk than upside to oil prices, with Brent likely settling around $70 per barrel. In a Thursday note, the bank’s commodities ...