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Brent crude is forecast to average of $57/bbl-$58/bbl in 2026 and 2027 before potentially plunging into the $30s unless production cuts are implemented, estimating the global oil market will need ~2 ...
Nov 24 (Reuters) - JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively.
JP Morgan predicts the international crude benchmark, Brent, could drop into the $30s per barrel by 2027 due to an overwhelming market oversupply. Goldman Sachs forecasts the U.S. benchmark WTI Crude ...