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JPMorgan raises a caution banner: no clear view of the end of the oil crisis
JPMorgan said it no longer has a clear fundamental outlook for the path of oil markets, for the first time since the outbreak of the U.S.-Israeli war on Iran, pointing to the difficulty of modeling the conflict’s ultimate outcome while economic red lines assumed by the bank at the start of the crisis continue to be crossed.
JPMorgan analysts explained that oil prices have surpassed $100 per barrel, while gasoline prices in the United States rose to $4.37 per gallon, and diesel hit a record level of $6.31 per gallon, with the approach of winter season and inventories falling to historically low levels.
The bank estimated the fair value of Brent crude at around $90 per barrel in September, compared with levels currently nearing $106, reflecting, according to its assessment, the market’s pricing of the risk of further supply disruptions, along with the current losses it estimates at about 10 million barrels per day.#BOJRaisesRatesTo31YearHigh #VietnamPlansFirstCryptoLicensesIn2026 #HKCompletesFirstHKDStablecoinUseCase #比特币突破8万 #LineraShutsDownAfterFundraisingFallsShort
$CL
JPMorgan raises a caution banner: no clear view of the end of the oil crisis
JPMorgan said it no longer has a clear fundamental outlook for the path of oil markets, for the first time since the outbreak of the U.S.-Israeli war on Iran, pointing to the difficulty of modeling the conflict’s ultimate outcome while economic red lines assumed by the bank at the start of the crisis continue to be crossed.
JPMorgan analysts explained that oil prices have surpassed $100 per barrel, while gasoline prices in the United States rose to $4.37 per gallon, and diesel hit a record level of $6.31 per gallon, with the approach of winter season and inventories falling to historically low levels.
The bank estimated the fair value of Brent crude at around $90 per barrel in September, compared with levels currently nearing $106, reflecting, according to its assessment, the market’s pricing of the risk of further supply disruptions, along with the current losses it estimates at about 10 million barrels per day.#BOJRaisesRatesTo31YearHigh #VietnamPlansFirstCryptoLicensesIn2026 #HKCompletesFirstHKDStablecoinUseCase #比特币突破8万 #LineraShutsDownAfterFundraisingFallsShort
