JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s

ReutersJun 12, 2025 11:25 AM

June 12 (Reuters) - JP Morgan is maintaining its base case forecast for oil prices to remain in the low-to-mid $60s for the rest of 2025, and around $60 in 2026, it said on Thursday.

"An attack on Iran could spike oil prices to $120, driving U.S. CPI to 5% " the company said.

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