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Brent at $100+: JPMorgan signals persistent energy market tightness for 2026
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Brent at $100+: JPMorgan signals persistent energy market tightness for 2026
(Investing) – JPMorgan expects Brent crude to remain in the low-$100s for much of 2026, even if the Strait of Hormuz reopens in June, as accelerating inventory draws and logistical bottlenecks keep the oil market tight, the bank said in a note. The bank’s revised framework assumes that the pace of oil inventory depletion will ultimately force the Strait to reopen, with its base case anchored on a June 1 reopening following a credible announcemen…
·Denver, United States
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