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Oil Price Outlook: Why WTI, Brent Could Rally 10% by Summer, BofA Says

Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump from current levels.

OPEC Cuts Kick in As Cartel Looks to Boost Sagging Oil Prices

US oil output to touch a record high in 2024, but growth will slow

The rise in U.S. output comes as the Organization of the Petroleum Exporting Countries and its allies are cutting their own output in a bid to boost oil prices. U.S. crude production will rise by 290,000 barrels per day (bpd) to a record 13.21 million bpd this year, the EIA said in its Short-Term Energy Outlook (STEO).

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