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INSANE: Russian export squeeze could push oil past 150 | Rare Historical Photos

Oil Russia BofA

Gasoline prices are posted at a 76 station in Santa Monica, California on Thursday. A price of $6.99 per US gallon is equivalent to 63 baht per litre. (Reuters Photo)

The price of the global benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday.

Oil prices surged after Russia’s invasion of Ukraine in late February and are currently just below $120 a barrel.

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