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JPMorgan Warns of Potential Oil Crash to $30s by 2027 Amid Supply Glut

JPMorgan Warns of Potential Oil Crash to $30s by 2027 Amid Supply Glut

Author:

Global Cryptocurrency

Published:

2025-11-26 10:11:01

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JPMorgan's latest analysis paints a grim picture for crude oil markets, forecasting Brent crude could plummet to the $30s by 2027. The bank attributes this potential collapse to overwhelming supply dynamics, with non-OPEC production outpacing global demand. Current Brent prices hover at $62.40, having already dropped 14% in 2025 due to weakening Chinese demand.

Goldman Sachs echoes concerns with a $53 price target for 2026, suggesting further downside risk. Market observers note these projections come amid escalating geopolitical tensions that could disrupt traditional oil trade flows. The specter of a supply glut looms large, with analysts warning OPEC may need drastic production cuts to stabilize prices.

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