“NACHO trading” is rampant! After Goldman Sachs, Bank of America also believes that oil prices will remain high at $90 this year.
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After Goldman Sachs raised its year-end oil price forecast a few weeks ago, Francisco Blanch, Head of Commodity and Derivatives Research at Bank of America, has also joined the camp, predicting that Brent crude oil will remain near $90 this year. As the stalemate in the Strait of Hormuz continues,