JPMorgan raises oil price forecast to $70, topping many Wall Street targets, citing strong demand

J. P. Morgan raised its Brent crude oil price forecast for 2018 to $70 a barrel, above peers like Bank of America Merrill Lynch and Goldman Sachs. The bank sees better-than-expected global economic growth boosting oil demand in the first half of 2018. However, J. P. Morgan thinks a flood of crude oil …

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