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Forex news -forex broker review => Forex => Topic started by: forex4you on Jul 18, 2024, 06:25 am

Title: JP Morgan on oil - wary of diminished incentivization driving a spike to US $100 / barrel
Post by: forex4you on Jul 18, 2024, 06:25 am
JP Morgan on oil - wary of diminished incentivization driving a spike to US $100 / barrel

Via a note from JPM on oil ICYMI:

  • estimate the equilibrium price of WTI oil at around $70/bbl
  • even at $60/bbl, WTI prices are too low to incentivize
    production, potentially leading to a spike to $100/bbl in following
    year


                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: JP Morgan on oil - wary of diminished incentivization driving a spike to US $100 / barrel (https://www.forexlive.com/news/jp-morgan-on-oil-wary-of-diminished-incentivization-driving-a-spike-to-us-100-darrel-20240717/)

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