_1777352142843_145525226.png&w=64&q=75){kind=small}
_1777352244987_250242181.png&w=64&q=75){kind=small}
J.P. Morgan: Iran's conflict clouds oil outlook
J.P. Morgan Bank stated that the oil price crisis is becoming increasingly complex amid the ongoing U.S.-Israeli war against Iran. There is no clear outlook for the resolution of the crisis due to continuous escalation and disruptions in energy supplies. The bank’s assessments indicate that oil prices have exceeded $100 per barrel, with the price of a gallon of gasoline in the United States rising to $4.37 and diesel to $6.31, amid very low oil inventories. The bank predicts that the fair value of Brent crude should be around $90, although it is currently approaching $106, due to the risks of ongoing fractures and tensions in the Middle East, as well as threats to shipping routes. Meanwhile, global oil demand has decreased by approximately 4.4 million barrels per day, which has helped to partially stabilize the market despite supply disruptions.
Notice: This Is an AI-Generated Summary
Comments (0)