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Wall Street Is Making More $100 Oil Calls on Tightening Supply

  • BofA sees $120 Brent by midyear on low spare output capacity
  • Morgan Stanley, Goldman anticipate $100 oil as inventories dip

Three top investment banks are now expecting oil to hit $100 or more during the year, as supplies can barely keep up with a recovery in crude demand. 

High oil prices have been a thorn in the side of top oil consumers including the U.S. and China. Energy costs have been a major driver of inflation around the world, and triple digit oil prices threaten to add more pressure on central banks to raise interest rates, threatening economic growth.