Oil Prices to Fall in Autumn, BofA's Blanch Says

Описание: Francisco Blanch, head of global commodities and derivates research at Bank of America, discusses OPEC+'s recent decision to increase oil production for the month of August. "It's been a good time to add those barrels and the market hasn't struggled for the time being to absorb it," Blanch tells Bloomberg Television. "We are negative into the second half of the year," he adds, saying that Bank of America sees Brent hit "low sixties" and WTI "high fifties."
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