BofA Sees Chance of $150 Oil on Critical Infrastructure Risk

Francisco Blanch, head of commodities and derivatives research at BofA Securities, said on Bloomberg Television that Brent oil prices could reach $150 a barrel if critical infrastructure such as Saudi Arabia's East-West pipeline sustained permanent damage. Blanch did not specify a timeline or probability for this scenario. BofA Securities is the investment banking and trading division of Bank of America.

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