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0 0.00316322693388182 -0.0023447696153251 -0.00347291348684934 -0.00789700710067031 -0.0222753113455882 -0.0242661534718075 -0.026699404959409
Stock impact report

BofA sees Brent crude dropping to $50 in tariff worst-case scenario [Yahoo! Finance]

Uniti Group Inc. (UNIT) 
Last uniti group inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.uniti.com
Company Research Source: Yahoo! Finance
U.S. tariffs and an unexpected OPEC+ production hike trigger what the brokerage called a “negative commodity demand shock.” BofA said its $70/bbl average Brent forecast for 2025 is now at risk. “If supply/demand balances weaken by over 1mn b/d in the coming quarters, Brent could even drop to $50/bbl for a few weeks,” analysts wrote. Trump administration's sweeping tariff announcements, including new levies on imports from China, the EU, and other major economies has given a dual shock to global markets. “Unexpected tax increases on imported US goods are a negative supply shock akin to an oil price spike for American consumers and corporations,” BofA said. “Tariffs are also a negative demand shock for the rest of the world. With costs set to increase, quantities demanded will fall.” The move comes as OPEC+ tripled its planned production increase for May, adding further pressure to an already weakening energy market. BofA said commodities had outperformed equities and bond Show less Read more
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