JPMorgan Anticipates Sharp Increase in Oil Prices Due to Russian Supply Cuts

Wednesday, 27 March 2024, 15:35

JPMorgan predicts that oil prices could skyrocket to nearly $100 per barrel by September as a result of Russia's unexpected output cuts. Despite this surge, the United States holds policy tools to influence the market.
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JPMorgan Anticipates Sharp Increase in Oil Prices Due to Russian Supply Cuts

JPMorgan Predicts Oil Price Surge

Russian output cuts lead JPMorgan to forecast a potential rise in Brent crude prices to $100 per barrel by September. U.S. policies can play a crucial role in balancing the market dynamics.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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