According to the analysts of Bank of America, one of the world's largest investment banks, the coming year 2023 will be tough for commodity markets.

According to APA-Economics, the foreign press reported on this with reference to the forecast of Bank of America experts.

In addition to geopolitical tensions and sanctions such as the price cap imposed on Russian oil, the global market will feel the effects of the accumulated problems since the 2020 coronavirus pandemic, according to banking analysts.

According to the forecast, the average price of one barrel of oil in 2023 will be close to 100 dollars.

However, any change in the global balance of power, even a slight one, will cause the market to fluctuate wildly.

"There will be an unstable equilibrium in the market that any major player can easily disrupt," the report said.

According to banking experts, additional uncertainty will be associated with the expected recession in the global economy.