OilPrice.com (November 24)
2025/ 11/ 26 by jd in Global News
“The international crude benchmark, Brent, could dip to the $30s per barrel handle by 2027 as oversupply could overwhelm the market, according to a JP Morgan forecast.” That is, however, beyond current consensus. “Despite the fears of a glut, analysts and investment banks don’t see oil prices moving down to $40 or below, even as oil is set to decline in the near term with strong supply from OPEC+ and the non-OPEC producers in the Americas.”
Tags: $30, $40, 2027, Analysts, Benchmark, Brent, Consensus, Crude, Fears, Forecast, Glut, Investment banks, JP Morgan, Market, Oil prices
