Francisco Blanch, head of global commodities and derivatives research at Bank of America, discusses the prospect of oil reaching $100 a barrel and how higher prices can impact consumption in China. He speaks with Tom Keene on “Bloomberg Surveillance.”
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
Oil, gas and mining
7 Comments
I predict 166 dollar per barrel
@bloomberg television THE INDIGENOUS PEOPLE OF YORUBA IS AN ETHNIC NATION AND HAS BEEN ASCRIBED SELF DETERMINATION AND HENCE DECLARED ITS INDEPENDENT FROM NIGERIA ON 20/11/22 AND NOW WAITING TO INSTALL ITS PROVISIONAL GOVERNMENT SO WHATEVER HAPPENS IN NIGERIAN POLITICS HAS NO BEARING ON THE INSTALLATION OF OUR PROVISIONAL GOVERNMENT
China buy's oil from Venezuela and from many other places.
So now that the Saudis have joined BRICS, selling oil in other currencies, the USA has begun the Saudi-hate propaganda.
If you think the U.S. will accept 100 dollars a barrel you're plain stupid. The U.S. will boost domestic oil production if it has to reintroduce a 2014 plunge.
That's a big smile lol
Oil will crash to $60 I'm the next 6 months