Bank of America predicts price of oil above $ 100

Bank of America predicts the rapid rise in oil prices up to $ 100 per barrel for the first time since 2014 against the background of global energy crisis, RIA Novosti reports with reference to Bloomberg.

Such a jump in oil quotes will lead to large-scale problems in the global economy, the message says.

According to Bofa experts, three factors will affect the cost of “black gold”: record high gas prices; Cold winter; Restoration of flights from the USA.

“If all these factors are combined, oil prices can grow and bring to the second round of inflationary pressure worldwide,” analysts said.