BofA warns oil could hit $100 this winter and spur crisis — protect yourself this way

BofA warns oil could hit $100 this winter and spur crisis — protect yourself this way

The worldwide energy crunch could push oil prices above $100 a barrel for the first time in years and trigger a global economic crisis, Bank of America warned on Friday.

"[O]il prices could spike and lead to a second round of inflationary pressures around the world,” analysts including Francisco Blanch wrote in a note. “Put differently, we may just be one storm away from the next macro hurricane.”