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More on JP Morgan slashing its Brent crude forecast for the year to $81 from 90 previously

Justin had the news on this here:Another hit to confidence for the oil market?As noted, JPM's call follows something similar from Goldman Sachs earlier in the week:Goldman Sachs slashed its December Brent forecast to $86 /bbl (from previous estimate $95)A little more from JPM's note:sees global supply growth offsetting a record rise in demandsays inventory build-up lowers the risk of price spikesrevised its average Brent price forecast for 2023 to $81 per barrel from $90 earlierfor West Texas In... Read More

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Posted: Jun 14 2023, 22:24

Author Name: forexlive

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