Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America says. Oil Prices Could Climb Above $100 If winter temperatures in the northern hemisphere turn out to be below seasonal norms, oil demand would spike and could lead to oil shooting up to the $100 mark, Bank of America Global Research said in a recent note carried by Reuters . BofA Global Research said in June that expectations of a strong demand recovery that outpaces supply in the coming months could lead to oil prices briefly hitting $100 per barrel in 2022 . “We believe that the robust global oil demand recovery will outpace supply growth over the next 18 months, further draining inventories and setting the stage for higher oil prices,” analysts […]