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JP Morgan Says Oil Prices Could Plunge Into $30s by 2027
Yahoo Finance·2025-11-24 23:00

The international crude benchmark, Brent, could dip to the 30sperbarrelhandleby2027asoversupplycouldoverwhelmthemarket,accordingtoaJPMorganforecastpostedbyusersonX.BrentCrudepriceshavedroppedby1430s per barrel handle by 2027 as oversupply could overwhelm the market, according to a JP Morgan forecast posted by users on X. Brent Crude prices have dropped by 14% year to date, and traded relatively stable at 62.59 per barrel early on Monday, as the oil market awaits news from the renewed negotiations on peace in Ukraine. The U.S. and Ukraine held on Sunday in Geneva what the two sides described as “highly productive” talks and agreed to con ...