![$150 Oil Could Still Happen. Here's How.](https://cdn.energydais.com/media/images/news/169443_582x327.jpg)
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$150 oil could still happen, BofA Global Research indicated in a new report sent to Rigzone this week. In the report, BofA Global Research outlined that it sees Brent averaging $102 per barrel this year and in 2023 and highlighted that a potential spike to $150 per barrel could happen if European sanctions push Russian oil production below nine million barrels per day.