Odaily Planet Daily report: JPMorgan downgrades Brent crude oil outlook for the second half of 2026 and 2027, forecasting an average Brent crude price of $86 per barrel in Q3 2026, $80 per barrel in Q4 2026, $78 per barrel by end-2026, and an average of $64 per barrel in 2027. (Jin10)
JPMorgan Downgrades Brent Crude Outlook for 2026 and 2027
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Summary
JPMorgan revised its market outlook for Brent crude, forecasting an average price of $86 per barrel in Q3 2026, $80 in Q4, $78 by the end of 2026, and $64 in 2027. The updated outlook reflects changing supply and demand dynamics. Fear and Greed Index readings indicate mixed sentiment among traders ahead of the projected price declines.
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