# JP Morgan cuts oil price forecasts on weak demand, higher output

> 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.

- Date: 2025-04-14 · published 2025-04-14T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25275-jp-morgan-cuts-oil-price-forecasts-on-weak-demand-higher-output
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A projected surplus and weaker demand point to lower crude prices, which weighs on energy-linked feed input costs and biofuel margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/jp-morgan-cuts-oil-price-forecasts-weak-demand-higher-output-2025-04-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.