J.P. Morgan warns oil could reach 150 dollars per barrel
J.P. Morgan expects oil to stay above 100 dollars through June. Extended supply issues in the Strait of Hormuz could lead to a global economic recession risk.
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Analysts at J.P. Morgan have issued a warning that Brent Crude Oil prices could reach $120 to $130 per barrel in the near term. The firm noted that a surge above $150 is possible if supply flows through the Strait of Hormuz remain disrupted until mid-May.
