-
Crude Prices Could Hit $95 This Summer: 'Oil Is Fighting The Fed, Again'
Wednesday, April 3, 2024 - 12:06pm | 595In an environment marked by a combination of tight supply, escalating demand, and ongoing geopolitical tensions, oil prices are projected to surge, potentially reaching a peak of approximately $95 per barrel this summer. This perspective comes from Francisco Blanch, a leading commodity and...
-
Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains
Thursday, March 28, 2024 - 4:12pm | 600Gold prices surged past $2,220 an ounce during Thursday’s New York trading session, achieving a new all-time high amid growing anticipation of coordinated interest rate reductions by major central banks. With an 8.5% increase in March 2024, this marks gold’s best monthly performance...
-
Commodities Poised For Comeback In Investor Portfolios: 'The Future Could Be Different,' Strategist Says (UPDATED)
Tuesday, March 26, 2024 - 12:39pm | 831Editor’s Note: The headline has been revised to accurately attribute the quote “the future could be different” to BofA analyst Francisco Blanch. The four most dangerous words in finance are: “this time it’s different,” as renowed investor Sir John Templeton once...
-
BofA Slams Bitcoin: 'Impractical As A Store Of Wealth Or Payments Mechanism'
Wednesday, March 17, 2021 - 11:15am | 577Bitcoin (CRYPTO:BTC) prices remained steady at around $55,200 on Wednesday morning after one Wall Street analyst blasted the cryptocurrency for all of its shortcomings as both an inflation hedge and a store of wealth. Prices Based Purely On Demand: Bank of America analyst Francisco Blanch said...
-
The Price Of Oil Is A Poor Tracker Of Geopolitical Risk, Says Bank Of America Analyst
Tuesday, November 7, 2017 - 4:03pm | 380The price of a barrel of oil hit a two-year high in reaction to Saudi Arabia's anti-corruption purge, which saw the arrest of well-known billionaire investor Prince Al-Waleed bin Talal. The Analyst Bank of America Merrill Lynch's head of global commodities Francisco Blanch. The Strategy...
-
OPEC's Influence In Dictating Oil Prices Has Eroded, Analyst Says
Wednesday, May 24, 2017 - 10:47am | 345The price of oil is dictated by many factors, but perhaps the most determining factor is the 13-member nations that make up the Organization of the Petroleum Exporting Countries. However, this may no longer be the case, at least according to Francisco Blanch, head of global commodities research at...
-
Will Oil Be The Best Investment Of 2015?
Wednesday, December 10, 2014 - 3:59pm | 567Bank of America analysts believe 2015 may be the time for investors to start dipping their toes into oil again. In a recent report, analysts presented the case for cautiously venturing into oil-exposed energy stocks that have heavily underperformed in 2014 due to the collapse in oil prices....