Wednesday, July 22, 2026
JP Morgan raises 2020 oil price view on OPEC+ cuts, improved economic outlook- oil and gas 360

JP Morgan raises 2020 oil price view on OPEC+ cuts, improved economic outlook

Reuters JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets. The investment bank revised its Brent price forecast to $64.5 per barrel in 2020 from $59 earlier, although it expects prices to slip

Oil stays above $60 on U.S.-China trade accord optimism- oil and gas 360

Oil stays above $60 on U.S.-China trade accord optimism

Houston Chronicle Oil edged higher to settle at a three-month high on optimism that a partial trade deal between the world’s two largest economies will spur demand for fuel to power trucks, trains, airplanes and cars. Futures closed above the $60-a-barrel mark for a second straight session Monday in New York. Bullish bets rose the most in three years in