JP Morgan, $190 Dollar Oil Barrels Possible…

JP Morgan, $190 Dollar Oil Barrels Possible…

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.

Source: CNN Business

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