Forex
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.
Recent Posts
Categories
Related Articles
Fed’s Harker: The Fed has done a good job in navigating the economy
There is nothing here on the current outlook in the speech. He's...
Baker Hughes US oil rig count: Unchanged at 488
The recent drop in oil prices hasn't curbed drilling yet but could...
Fed’s Bowman explains dissent. Says she would have preferred a smaller rate cut
Sees progress on inflation and labor market cooling since mid-2023Believes smaller initial...
Morgan Stanley: We expect a string Fed cuts through mid-2025; staying short USD/JPY
Morgan Stanley anticipates a series of 25bp cuts from the Federal Reserve...
Leave a comment