BofA says US-China trade tensions, OPEC+ output boost could push Brent below $50

Core Viewpoint - Bank of America indicates that escalating U.S.-China trade tensions combined with increased OPEC+ production could lead to Brent crude oil prices falling below $50 per barrel [1] Group 1 - The potential for Brent prices to drop below $50 per barrel is linked to the intensification of trade tensions between the U.S. and China [1] - OPEC+ production increases are a significant factor that could contribute to the decline in oil prices [1]