JPMorgan forecasts Brent to drop to $78
J.P. Morgan has lowered its price forecasts for Brent crude oil in the second half of 2026, with the average expected price reaching $86 in the third quarter and $80 in the fourth quarter, ending the year at $78. This adjustment is due to weak demand for oil and declining commercial inventory drawdowns in OECD countries, alongside ongoing supply surpluses and expectations of production cuts in early 2027.
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