JPMORGAN LOWERS OIL PRICE OUTLOOK JPMorgan cut its Brent crude forecast for the second half of 2026, citing weaker inventory draws and soft…
JPMORGAN LOWERS OIL PRICE OUTLOOK
JPMorgan cut its Brent crude forecast for the second half of 2026, citing weaker inventory draws and softer-than-expected demand.
The bank now sees Brent averaging $86 per barrel in Q3, $80 in Q4, and ending 2026 at $78.
JPMorgan also warned that excess supply could require production cuts in early 2027.
More from Walter Bloomberg
- Sat, 18 Jul 2026 22:28:06 GMTIRAN'S MEHR SAYS U.S. MILITARY LAUNCHED ATTACKS NEAR SIRIK
- Sat, 18 Jul 2026 22:26:06 GMTU.S. LAUNCHES NEW STRIKES AGAINST IRAN -CENTCOM
- Sat, 18 Jul 2026 22:18:49 GMTFrance 2 - England 4
- Sat, 18 Jul 2026 21:20:02 GMTEngland 2 - 0 France
- Sat, 18 Jul 2026 20:22:59 GMTEU, GULF STATES CALL ON IRAN PERMANENTLY OPEN STRAIT OF HORMUZ WITHOUT CONDITIONS OR FEES -SAUDI STATE TV
- Sat, 18 Jul 2026 20:21:00 GMT🇫🇷 FRANCE OR ENGLAND 🏴 ? Kickoff is in just 40 minutes The market is backing France at 69%, while England sits at 31% ahead…
- Sat, 18 Jul 2026 17:38:51 GMTTRUMP TO FUND MAGA-ALIGNED PROJECTS IN EUROPE AS HE REORDERS US AID- FT
- Sat, 18 Jul 2026 16:02:46 GMTMESSAGE FROM IRAN'S SUPREME LEADER TO BE RELEASED SHORTLY - IRAN'S STATE MEDIA