Oil Price Surge Is The No 1 Threat To The Us Economy Moody S While oil prices have risen sharply, an analyst at jpmorgan doesn't believe they're high enough to reflect the war's full impact on the global oil market. here's what energy investors need to know. Jpmorgan chase is making a contrarian call on oil prices, warning that current market pricing doesn't reflect supply demand fundamentals and a new spike is likely. when one of wall street's most sophisticated commodities desks says " something is off," investors should listen.
Wall Street Banks Cut Oil Price Forecast Amid Tariff Geopolitical J.p. morgan has sharply cut its oil price forecasts for 2025 and 2026, warning that a combination of higher opec output and slowing global demand is set to push the market into surplus and apply downward pressure on crude prices. Jpmorgan says oil prices still have further to rise because the market has not yet forced enough demand out of the system to offset the supply loss from the iran war. Oil inventories and demand destruction have not balanced the supply disruption from the iran war, jpmorgan said. prices need to rise to close the deficit. Doubts continue to persist over the direction of the oil price following recent market turmoil, with investment bank jpmorgan cutting its forecasts sharply and the international energy agency.
Wall Street Banks Raise Oil Price Forecast Amid U S Policy Uncertainty Oil inventories and demand destruction have not balanced the supply disruption from the iran war, jpmorgan said. prices need to rise to close the deficit. Doubts continue to persist over the direction of the oil price following recent market turmoil, with investment bank jpmorgan cutting its forecasts sharply and the international energy agency. In light of soft supply demand fundamentals, j.p. morgan global research sees brent crude averaging around $60 bbl in 2026. despite rising tensions between the u.s. and iran, protracted disruptions to oil supply are unlikely. David kelly, chief global strategist at jpmorgan, wrote the oil price surge "from an economic or investment perspective really doesn’t seem worth losing sleep over in 2023.". She says those prices aren't high enough to explain the drop in demand, and what's likely happening is missing supply. David kelly, chief global strategist at jpmorgan, wrote the oil price surge “from an economic or investment perspective really doesn’t seem worth losing sleep over in 2023.”.
Comments are closed.