Jp Morgan Oil Price Forecast 2024. West texas intermediate crude for june was up 26 cents, or 0.3%, to $79.21. Jpm) are forecasting that %crudeoil prices will trade at an average price of $83 u.s.
For its part, jpmorgan sees brent crude easing to around $86 a barrel by year’s end. Updated mon, nov 20, 2023, 5:41 pm 4 min read.
Morgan Research Expects Brent Oil Prices To Remain Largely Flat In 2024 And Edge Down A Further 10% In 2025.
Jpm) are forecasting that %crudeoil prices will trade at an average price of $83 u.s.
The Forecasts Range From A.
West texas intermediate crude for june was up 26 cents, or 0.3%, to $79.21.
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The Update Adds That The Wall Street Bank Revised Its Average Brent Price Forecast For 2023 To $81 Per Barrel From $90 Earlier, And For West Texas Intermediate.
Jpmorgan also lowered its 2024 price forecasts for brent to $83 per barrel from $98, and for wti to $79 a barrel from $94 earlier.
Jp Morgan Expects Brent Crude To Average $83 In 2024.
Renewable, coal and gas supplies insufficient to replace crude.
Jpmorgan Expects 'More Of The Same' In The Oil Market In 2024.