While oil is hovering at the $71 to $72 a barrel level, Bank of America Corp. is out with a prediction that crude prices will surge to$100 a barrel next year.
Bloomberg reports that Bank of America believes global oil consumption will outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption. The prediction might be accurate.
Just take a drive down I-35 and see the large increase in truck and car traffic.
Click here for Bloomberg story.
