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Oil prices are facing a 'battle royale' between Saudi Arabia and the Federal Reserve, Bank of America says

https://markets.businessinsider.com/news/commodities/oil-price-outlook-saudi-arabia-fed-battle-royale-bank-of-america-2023-6

Brent crude prices could rise to $80 a barrel by the end of the year if the Fed pulls back on its inflation-fighting efforts, Bank of America said.