Bank of America believes oil could spike above $100 before this cycle plays out
USAGOLD note: Oil figures into the price of just everything one way or another and itnores borders. If BoA is correct, there will be considerably more to the comparison with the 1970s than simply talk. BoA, by the way, first made this prediction back in February and is sticking to it.
Brent Crude Oil
Chart courtesy of TradingEconomics.com
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