Crude Oil
JP Morgan Forecasts Crude Oil Plunge to $30 by FY27-End Amidst Supply Glut and Sagging Demand
JP Morgan has issued a stark long-term outlook for the global crude oil market, predicting that Brent crude prices could plummet to the $30s per barrel by the end of fiscal year 2027. This bearish forecast is primarily driven by an anticipated persistent global supply glut far exceeding demand growth.