Markets·October 22, 2026 at 2:08 AM EDT·1 source
Oil Market Crunch Could Happen in Months: BofA's Blanch
BAC -1.0%
BAC · last 30 trading days-0.2% since the news
News
What happened
- Bank of America commodities research chief Francisco Blanch said crude oil could face a crunch point in “maybe four, five months.”
- Blanch said oil markets have been living “a little bit on borrowed time” amid Middle East conflicts and Russia’s invasion of Ukraine.
- He discussed volatile energy markets and oil inventories in an interview with Bloomberg Television.
Potential time to oil crunch
maybe four, five months
Why it matters
An oil-market crunch could affect energy prices, inflation expectations and credit conditions, making inventory and geopolitical developments relevant to markets and financial professionals.
What to watch. Oil inventories, Middle East conflicts and developments related to Russia’s invasion of Ukraine over the next four to five months.
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Timeline
- EarlierOct 21Bernard Mensah on AI, Bond Yields and Global Markets
- EarlierOct 21Bank Of America Corp.: Executive or director change
- First reported by BloombergOct 22Oil Market Crunch Could Happen in Months: BofA's Blanch
Who is involved
Oil Market Crunch Could Happen in Months: BofA's BlanchBank of AmericaBACFrancisco Blanch
CompanyPerson
Sources (1)
- BloombergOct 22Oil Market Crunch Could Happen in Months: BofA's Blanch
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