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globalreutersJuly 17, 20241 Mins read
JP Morgan on oil – wary of diminished incentivization driving a spike to US $100 / darrel
globalreutersJuly 17, 20241 Mins read 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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