Oil could top $150 a barrel if supplies further tighten, Bank of America warns
Published . Updated .
If disruptions caused by fighting in the Middle East persist into spring 2027, Brent crude could spike above $150 a barrel, strategists at the bank said.
Directly affected
- BAC Bank Of America
Named in this report.
Indirectly affected
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
- VLO Valero
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration
A fund of oil and gas producers
- XLE Energy Select Sector SPDR
A fund of energy companies
- USO United States Oil Fund
This fund moves with oil prices
- OIH VanEck Oil Services
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
If disruptions caused by fighting in the Middle East persist into spring 2027, Brent crude could spike above $150 a barrel, strategists at the bank said.
Source: MarketWatch
United States Oil Fund (USO) since this story, compared with the market
Since the first closing price after “Oil could top $150 a barrel if supplies further tighten, Bank of America warns,” United States Oil Fund (USO) is +8.05%. The S&P 500 fund (SPY) is -0.17% over the same days, a +8.22% difference versus the market. energy stocks (XLE) is +8.69%, a -0.64% difference versus that group of stocks.
Filings that name United States Oil Fund (USO) around 22 Sep 2026
- Gilbert Cisneros buy Advanced Energy Industries (AEIS) ($1,001 - $15,000). That is 7 days after publication, inside 30 days. The filing is listed beside the story “Oil could top $150 a barrel if supplies further tighten, Bank of America warns.”
- Rohit Khanna sell Bank Of America (BAC) ($1,001 - $15,000). That is 13 days before publication, inside 30 days. The filing is listed beside the story “Oil could top $150 a barrel if supplies further tighten, Bank of America warns.”
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Middle East, seven days against thirty
Middle East has 0 linked stories in the last 7 days and 0 in the last 30 on the page that also carries “Oil could top $150 a barrel if supplies further tighten, Bank of America warns.”
Who gains and who pays if Middle East stays in the story
Companies tied to this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 22 Sep 2026 story “Oil could top $150 a barrel if supplies further tighten, Bank of America warns.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- BNO United States Brent Oil Fund
In “Oil could top $150 a barrel if supplies further tighten, Bank of America warns,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- XLE Select Sector Spdr Tr
In “Oil could top $150 a barrel if supplies further tighten, Bank of America warns,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
In “Oil could top $150 a barrel if supplies further tighten, Bank of America warns,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- BAC Bank Of America
In “Oil could top $150 a barrel if supplies further tighten, Bank of America warns,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: GA selected BAC as a RELATED security because its canonical security name directly matches this event's themes: america, bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AEIS Advanced Energy Industries
For “Oil could top $150 a barrel if supplies further tighten, Bank of America warns,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ALLY Ally Financial
Ally Financial (ALLY) is linked, with no stored direction, medium confidence in the 22 Sep 2026 story “Oil could top $150 a barrel if supplies further tighten, Bank of America warns.” Reason on file: GA selected ALLY as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AMPY Amplify Energy
Amplify Energy (AMPY) is linked, with no stored direction, medium confidence in the 22 Sep 2026 story “Oil could top $150 a barrel if supplies further tighten, Bank of America warns.” Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
What Middle East means for United States Oil Fund (USO)
On 22 Sep 2026, “Oil could top $150 a barrel if supplies further tighten, Bank of America warns” is the story that connects United States Oil Fund (USO) to Middle East.
What ties United States Oil Fund (USO) to the headline is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
Also listed, United States Brent Oil Fund (BNO): Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
Dates and price levels for United States Oil Fund (USO)
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.
How solid the energy case looks
46 out of 100
“Oil could top $150 a barrel if supplies further tighten, Bank of America warns” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.