JP Morgan Expects Brent at $80/barrel in Q4 as Middle East Tensions Escalate

(Reuters) J.P. Morgan Global Commodities Research maintains Brent oil averaging $80 per barrel (bbl) in 4Q24 Crude prices are set for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict, Brent crude futures trading at $78.71 a barrel while U.S. West Texas Intermediate crude futures trading at $74.79 a barrel … Read more