In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a “supercycle” that sends Brent crude skyrocketing as high as $190 a barrel in 2025. Weeks later, the coronavirus pandemic set off an epic collapse in oil prices as demand imploded. And yet the bank is doubling … Continue reading $190 Oil Sounds Crazy. But JPMorgan Thinks It’s Possible Even After The Pandemic
Be First to Comment