$190 Oil Sounds Crazy. But JPMorgan Thinks It's Possible.

$190 Oil Sounds Crazy. But JPMorgan Thinks It's Possible.
(AP Foto/Richard Drew)

In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude skyrocketing as high as $190 a barrel in 2025.

Weeks later, the coronavirus pandemic set off an epic collapse in oil prices as demand imploded. And yet the bank is doubling down on its bullish view.
Brent hit a two-decade low of $15.98 a barrel in April. US crude crashed below zero for the first time ever, bottoming at negative $40 a barrel.
Read Full Article »


Comment
Show comments Hide Comments


Related Articles