J.P. Morgan has updated its Brent crude oil price forecast for 2026, lowering expectations due to unexpectedly weaker inventory draws and a decline in oil demand. The bank now estimates Brent prices will average $86 in Q3 and $80 in Q4, finishing the year at $78. This downward revision arises from private operators maintaining stock levels, making government releases critical for refinery operations.
J.P. Morgan has revised its Brent crude oil price forecast downwards for the second half of 2026. This adjustment is attributed to unexpectedly weaker inventory draws and a decline in global oil demand. The bank now projects Brent prices to average $86 in Q3 and $80 in Q4, with…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.