US shale, forex and a price war could push oil back down to $50: BofA Merrill Lynch
Increased U.S. shale production, a stronger dollar and a price war are among the risks that could push down the price of oil, according to the Bank of America Merrill Lynch.
Brent prices for 2015 may avarage $50/bbl: BofA Merrill Lynch
BofA Merrill Lynch in its latest report paints a bearish picture for global Crude Oil outlook. “We remain bearish and forecast WTI prices at end of 2Q at $41, and Brent at $48,” BofA ML said. ...