Preheat an air fryer to 350 degrees F (175 degrees C).
Combine oil, salt, and pepper in a bowl and mix well. Add Brussels sprouts and turn to coat.
Air fry for 5 minutes, shake the sprouts, and cook for an additional 5 minutes.
Transfer sprouts to a serving dish and sprinkle with balsamic vinegar; turn to coat. Sprinkle with bacon.
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