Bank of America: If disruption in oil supply continues, oil prices could reach $95-120, and may surge to $150 in extreme scenarios

(1) Bank of America analysts pointed out that if small-scale conflicts restricting oil supply continue until the end of the year, Brent crude oil is expected to trade within the range of $95 to $120 per barrel. (2) If the conflict escalates and causes significant damage to major energy infrastructure, oil prices could surge as high as $150 per barrel. (3) This is a scenario analysis by the bank based on the risk of escalating geopolitical conflicts and reflects current market concerns about supply disruptions.