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JP Morgan forecasts Brent crude oil to US$94 a barrel in Q4 2023

ANZ summary of oil price influences, on both the demand and supply sides. Strong labour and inflation data last week stifled hopes that the Fed would pause its rate hike cycleInvestor appetite subsequently waned as Treasury yields lifted higher and the USD strengthenedSentiment was further hit by weaker demand in Asia. Refiners in the region are considering cuts to output amid a dramatic drop in profit margins. Crack spreads for diesel and jet fuel have also plunged. The former is now trading ne... Read More

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Content Topics

Morgan

Forecasts

Brent

Crude

Us

94 Barrel

2023

Morgan forecasts

Forex

Posted: Apr 17 2023, 23:06

Author Name: forexlive

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