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Oil Market Faces 2 Million Barrel-per-Day Surplus: BofA
Market Intelligence Analysis
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Why This Matters
Bank of America's commodities research predicts a 2 million barrel-per-day surplus in the global Brent market this year, indicating oversupply and rising inventories.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
“The market is oversupplied, inventories are rising,” Francisco Blanch, head of commodities research at Bank of America Global Research, says in Bloomberg Television interview. “We expect roughly a 2 million barrel-a-day surplus this year in the global Brent market,” he says. (Source: Bloomberg)
Original article published by
Bloomberg
on February 11, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.