GeneralBearishBlockonomi · 3h ago6/10
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JPMorgan Slashes Brent Oil Outlook for Late 2026 and 2027 Amid Demand Weakness
JPMorgan has significantly reduced its Brent crude oil price forecasts, projecting $80 per barrel in Q4 2026 and $64 in 2027, citing weaker-than-expected demand and slower inventory draws. This substantial downward revision reflects growing concerns about global energy demand fundamentals and has implications for energy markets, geopolitical tensions, and macroeconomic growth expectations.