OPEC+ cuts, supply disruptions and an easing of trade tensions between the U.S. and China has boosted crude oil to a three-month high. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- Bank of America Merrill Lynch says that Brent will likely trade between $50 and $70 per barrel over the next five years. - The bank says that prices will be “anchored” around $60, and that rising U.S. shale supply and OPEC’s willingness to back out production will keep volatility in check. - However, the bank also…
