BofA’s Blanch Sees Brent Crude at $50 for Most of 2021

The video discusses the impact of COVID-19 on global economies, particularly the US and China, and its implications for commodity markets. It highlights the role of OPEC in managing oil supply and demand, the recovery of the jet fuel market, and the outlook for commodity prices. The discussion includes the geopolitical shift due to the narrowing GDP gap between the US and China, and the challenges faced by emerging markets in controlling the virus.

What is the expected impact of OPEC's production decisions on oil prices?

How does human behavior and fear influence the recovery of the jet fuel market?

What are the expectations for oil prices in the second half of next year?