{"id":470050,"date":"2022-02-23T08:55:34","date_gmt":"2022-02-23T03:25:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=470050"},"modified":"2022-02-23T09:11:51","modified_gmt":"2022-02-23T03:41:51","slug":"brent-crude-could-jump-by-20-if-ukraine-crisis-worsens-says-bofa","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-crude-could-jump-by-20-if-ukraine-crisis-worsens-says-bofa\/","title":{"rendered":"Brent crude could jump by $20 if Ukraine crisis worsens, says BofA"},"content":{"rendered":"<p>(Reuters) &#8211; Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said on Tuesday, adding that prices could drop by $2-$4 if tensions de-escalate.<\/p>\n<p>Oil hit its highest since 2014 on Tuesday, with Brent futures reaching $99.50 a barrel after Moscow ordered troops into two breakaway regions in eastern Ukraine.[O\/R]<\/p>\n<p>The bank sees Brent heading to $120 a barrel by mid-2022, with fundamentals justifying a near-term spike and demand projected to rise by 3.6 million barrels per day (bpd) to surpass pre-pandemic levels at nearly 101 million bpd this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said on Tuesday, adding that prices could drop by $2-$4 if tensions de-escalate. Oil hit its highest since 2014 on Tuesday, with Brent futures reaching $99.50 a barrel after Moscow ordered troops into two breakaway regions in eastern Ukraine.[O\/R] The bank sees Brent heading to $120 a barrel by mid-2022, with fundamentals justifying a near-term spike and demand projected to rise by 3.6 million barrels per day (bpd) to surpass pre-pandemic levels at [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-470050","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=470050"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470050\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=470050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=470050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=470050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}