JP Morgan Maintains 2025 Forecast for Oil Prices in Low-to-Mid $60s

JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels.

U.S. President Donald Trump said on Wednesday the United States was moving personnel out of the Middle East because it "could be a dangerous place". He also said the U.S. would not allow Iran to have a nuclear weapon. Iran has said its nuclear activity is peaceful.

Increased tension with Iran has raised the prospect of disruption to oil supplies, with both sides set to meet on Sunday...

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