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JP Morgan cut its oil price forecasts, saying weaker demand and higher output will push balances into a large surplus and drive Brent below $60 toward year-end. The bank cites an 80% probability of a mild recession.
A projected surplus and weaker demand point to lower crude prices, which weighs on energy-linked feed input costs and biofuel margins.
reuters.comApr 14, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
