JP Morgan predicts oil prices to remain low-to-mid $60s, with potential for surges

From Yahoo Finance: 2025-06-12 08:51:00

JP Morgan forecasts oil prices to remain in the low-to-mid $60s through 2025, but warns of potential surges to $120-130/bbl in worst-case scenarios due to geopolitical risks. Trump vows to prevent Iran from obtaining nuclear weapons as tensions rise. Iran threatens U.S. bases if talks fail. U.N. watchdog declares Iran in breach of non-proliferation obligations.



Read more at Yahoo Finance: JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s