BofA's Global FMS: Oil Price Forecast Revised Downward

Bank of America's latest Global Fund Manager Survey indicates a downward revision in oil price expectations for year-end, with the weighted average forecast dropping to $71 per barrel from $86. This reflects declining inflation expectations among investors.

By Monica L. Correa, SA News Editor · Seeking Alpha ·

BofA's Global FMS: Oil Price Forecast Revised Downward

Tickers: $BAC

Topics: inflation investor sentiment oil prices

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