(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)
By Yuka Obayashi TOKYO (Reuters) - Oil costs had been flat early on Wednesday, as…
(Bloomberg) -- Oil steadied after a modest decline on Tuesday as expectations for a glut,…
(Reuters) - Promoting agency Omnicom Group missed Wall Road estimates for first-quarter income on Tuesday,…
Egg costs will not be the one factor pressuring family budgets. One thing much more…
CHICAGO (Reuters) - United Airways on Tuesday forecast a lower-than-expected revenue for the present quarter…
NEW YORK (AP) — The most recent authorities waste touted by billionaire Elon Musk's cost-cutting…