US EditionJP Morgan Says Oil Prices Could Plunge Into $30s by 2027
6 Articles
6 Articles
US financial giant JPMorgan predicts that the price of Brent crude, the international energy benchmark, could fall to $30-$40 by 2027 as oversupply in the market pushes prices down.
Brent crude could slide to the $30s without production cuts, J.P. Morgan says (USO:NYSEARCA)
Brent crude is forecast to average of $57/bbl-$58/bbl in 2026 and 2027 before potentially plunging into the $30s unless production cuts are implemented, JP Morgan analysts said.
JP Morgan Says Oil Prices Could Plunge Into $30s by 2027
JP Morgan forecasts the international crude benchmark, Brent, could fall to the $30s per barrel by 2027 due to overwhelming market oversupply, while Goldman Sachs expects a 2026 average of $53 for WTI Crude and advises shorting oil now.
The largest bank in the United States and the world, JPMorgan, warned that the global oil market was creating a surplus of supply that could collapse Brent prices below $40 per barrel by the end of 2027, unless producers reduced production. This projection is contained in the bank's analysis note for customers published on Monday, CNBC. It is predicted that the oil market in 2026 could have an excess of 2.8 million barrels, which in the 2027s wo…
This could happen because the oil is pumping oil in a memory rhythm, and the demand doesn't follow
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