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JPMorgan says oil prices could fall to $30 a barrel in 2027
Global brokerage firm estimates oversupply could bring the price down from current level of around $62
Nov 25, 2025
Nov 25, 2025
Global brokerage firm estimates oversupply could bring the price down from current level of around $62
Brent crude futures and WTI edged up slightly on Monday
Group had been curtailing production for several years to support oil prices before reversing course
Iran has partially halted output from its South Pars field, the world’s largest gas reserve shared with Qatar beneath the Gulf
Demand outlook weakens as global trade war bites and OPEC+ plans ramp-up in production