JPMorgan Warns Brent Crude Could Plunge To $30s By 2027 On Global Oversupply - Tesla (NASDAQ:TSLA), JPMorgan Chase (NYSE:JPM)
Benzinga·2025-11-26 19:19

JPMorgan Chase & Co. (NYSE:JPM) has warned that a surge in global oil supply could trigger a dramatic crash in prices, potentially cutting Brent crude to the $30-per-barrel range by 2027.Oil Prices May Collapse Amid OversupplyJPMorgan analysts cited a growing imbalance between supply and demand as the main driver behind the expected price collapse, reported Business Insider. "Demand, defying widespread bearish sentiment, has consistently exceeded expectations. Yet supply has outpaced these gains by more tha ...