JP Morgan on oil - wary of diminished incentivization driving a spike to US $100 / barrel

Via a note from JPM on oil ICYMI:estimate the equilibrium price of WTI oil at around $70/bbleven at $60/bbl, WTI prices are too low to incentivize production, potentially leading to a spike to $100/bbl in following year This article was written by Eamonn Sheridan at www.forexlive.com.

Jul 18, 2024 - 04:35
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JP Morgan on oil - wary of diminished incentivization driving a spike to US $100 / barrel

Via a note from JPM on oil ICYMI:

  • estimate the equilibrium price of WTI oil at around $70/bbl
  • even at $60/bbl, WTI prices are too low to incentivize production, potentially leading to a spike to $100/bbl in following year
This article was written by Eamonn Sheridan at www.forexlive.com.
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