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“JP Morgan”: 150 dollars is the expected price of oil by 2026.

“JP Morgan”: 150 dollars is the expected price of oil by 2026.

Tarba_today / economy

JPMorgan Bank expects oil prices to rise from current levels to reach Brent crude to 150 dollars per barrel by 2026 with the support of production capacity shocks in the near to medium term, and a shift away from investments in the hydrocarbon sector.

High oil prices due to OPEC production cuts and rising demand have fueled inflationary fears and raised fears that interest rates will remain high for a longer period. The longer-term high interest rate environment is one of the main factors behind JPMorgan’s “bullish” view of prices.

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