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15.10.2025 21:00:00

Crude Oil Could Fall Below $50, BofA Warns

Oil prices extended losses on Wednesday as rising OPEC+ supply and escalating U.S.-China trade tensions deepened concerns over global demand, prompting Bank of America to warn that Brent crude could drop below $50 per barrel in the months ahead. In midday trading at 1:13p.m. ET on Wednesday, WTI crude was trading at $58.55, while Brent was trading at $62.14. The pullback leaves both benchmarks down about 5-6% since the start of October, marking their lowest levels in five months and erasing much of their late-summer gains. Natural gas eased to…Weiter zum vollständigen Artikel bei OilPrice.com