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Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession

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Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession


Jason Kozlowski / EyeEm Bank of America on Tuesday cut its Brent oil projection by 9% to $80 a barrel for 2023. "Monetary forces are dragging down Brent crude prices," the commodities research team said. The fight in Washington over raising the $31 trillion debt ceiling risks adding to economic…

#jasonkozlowskieyeem #brent #bankofamerica #franciscoblanch #blanch #congressional #federalreserve #opec #oecd #development

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