Kerry Craig of JPMorgan Asset Management says unless China’s economy sees “an absolute surge in growth,” oil prices are unlikely to hit over $100 a barrel this year.
We expect Brent oil prices to be between $85 and $95 a barrel this year, says JPMorgan
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Oil prices will drop to 65 and below..
Same people who said oil would go to 200.00 at start of war
Democrat voters please tell your Biden to stop hindering the oil extraction of American based oil. It’s wrong for Biden to ask for oil from our enemies. Oil extraction is going to pollute whether it comes up out of Venezuela or Saudi Arabia or the US. It’s for politics Biden does this and the name is the Great Reset which is anti-human. People in Europe are suffering from Biden’s policies. The world is not ready to run totally on wind and solar power and won’t be for decades even if forced to suffer extremely to get there. All clean sources of energy are fickle by the way.
You EXPECT?
WHY don’t you expect OIL BRENT CRUD prices to fall w a mild recession AT HAND?
Also, China is SICK w COVID-19 and opening won’t speed up commerce AFTER so much has changed.