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JPMorgan says oil prices could crash more than 50% in the next 2 years

The next two years could see a colossal plunge in the price of oil, JPMorgan says. Demand growth is slowing, while supply is expected to continue rising steadily. According to the bank, this structural imbalance could push prices down by 50% by the end of 2027. Oil has largely languished this year, but the next two years could be much tougher for crude producers if JPMorgan's latest forecast is correct. The price of oil is down 15% this year, and JPMorgan analysts say the commodity is staring down ...