On February 27th, the head of global commodity strategy at JPMorgan Chase stated that Trump will adopt a moderate attitude towards sanctions measures that affect oil supply. He is seeking to lower the prices of commodities and fulfill his promise to address the high cost of living in the United States. As traders and investors gather in London for International Energy Week, Natasha Kaneva stated at an event in London that Trump will prioritize reducing the cost of living as part of his campaign promise. She stated that oil plays a key role indirectly in the broader commodity prices, and thus in the consumer price index basket. All of these will be resolved in some way, “Kaneva said of the sanctions measures affecting Iran, Venezuela, and Russia’s supply.” He has a year and a half to complete his priorities before the midterm elections. He won’t take any risks in this regard. He hopes oil prices reach $50. We believe he will achieve this goal. “JPMorgan’s expectation for the average oil price in 2026 is $61 per barrel, while not ruling out the possibility of falling below that level.
Scan code to share