Factbox-JP Morgan cuts oil worth forecasts on weak demand, larger output

(Reuters) – JP Morgan has revised its oil worth forecasts downward for 2025 and 2026, citing elevated manufacturing from the OPEC+ alliance and a projected decline in world demand, as per a observe on Monday.

The financial institution lower its 2025 Brent worth forecast to $66 per barrel from $73 per barrel and 2026 goal to $58 from $61.

The next is a listing of the most recent brokerage forecasts for 2025 and 2026 common costs for Brent and WTI (in $ per barrel):

Brokerage/Company Brent WTI Forecasts as of

2025 2026 2025 2026

Goldman Sachs $69 $62 $66 $59 April 03, 2025

HSBC $73 $70 – – March 18, 2025

Barclays $74 – $70 – March 14, 2025

BofA $75 $73 – – February 24, 2025

Citi $67 $65 $63 $62 January 22, 2025

Deutsche Financial institution $72 $72 $68 $68 January 15, 2025

Morgan Stanley – $70 – – January 13, 2025

JP Morgan $66 $58 $62 $54 April 14, 2025

Macquarie $71 $64 $66 $60 December 05, 2024

BMI $78 – $79 – November 07, 2024

NAB $78 – – – October 06, 2024

HSBC $70 – $67 – September 30, 2024

UBS $75 – $71 – September 16, 2024

DNB $77 – – August 20, 2024

* signifies end-of-period forecast

# present as of given date, could not point out date of revision

For a desk of crude worth forecasts as per Reuters’ newest month-to-month ballot, see

(Reporting by Noel John in Bengaluru)