JPMorgan sees Brent prices to rise to mid-to-high-$70s before falling again

From Yahoo Finance: 2025-03-21 10:35:00

JPMorgan predicts Brent oil prices to rise to mid-to-high $70s before falling to mid-$60s by year-end. OPEC’s output decisions and market dynamics will influence prices. The firm’s fair-value model suggests current prices are undervalued. By 2026, prices could drop to high $50s due to surplus. Analyst Natasha Kaneva remains bearish.

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