On April 15th, JPMorgan Chase lowered its oil price expectations for 2025 and next year on Monday, citing increased OPEC+production and weak demand. The bank has lowered its forecast for Brent crude oil prices from $73 per barrel to $66 per barrel in 2025 and lowered its target for 2026 from $61 to $58. It lowered its 2025 US crude oil price forecast from $69 per barrel to $62, and lowered its 2026 forecast from $57 to $53.
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