Factbox-JP Morgan cuts oil price forecasts on weak demand, higher output
(Reuters) - JP Morgan has revised its oil price forecasts downward for 2025 and 2026, citing increased production from the OPEC+ alliance and a projected decline in global demand, as per a note on Monday.
The bank cut its 2025 Brent price forecast to
The following is a list of the latest brokerage forecasts for 2025 and 2026 average prices for Brent and WTI (in $ per barrel):
Brokerage/Agency Brent WTI Forecasts as of
2025 2026 2025 2026
Goldman Sachs
HSBC
Barclays
BofA
Citi
Deutsche Bank
Morgan Stanley -
JP Morgan
Macquarie
BMI
NAB
HSBC
UBS
DNB
* indicates end-of-period forecast
# current as of given date, may not indicate date of revision
For a table of crude price forecasts as per Reuters' latest monthly poll, see
(Reporting by
(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
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Factbox-JP Morgan cuts oil price forecasts on weak demand, higher output
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