'We Just Don't Know'. JP Morgan Has an Unusually Candid Oil Price Forecast
6 Articles
6 Articles
JP Morgan, the largest US investment bank, has admitted that it is having difficulty predicting how oil prices will move in the wake of the US-Iran war. In an unusual comment to investors, it said it "simply doesn't know how to model the end" of the conflict, the BBC reported.
As the war with Iran drags on, it has become difficult for even leading Wall Street oil analysis firms to predict the direction of international oil prices. Concerns are rising that if high oil prices, having surpassed $100 per barrel, once again stimulate inflation and interest rates, it could continue to burden the domestic stock market, which is already experiencing increased volatility. According to the financial investment industry on the 2…
The American bank admits for the first time not being able to build a reliable base scenario for the oil market. War with Iran, traffic in the Strait of Hormuz, attacks on infrastructure and fuel stocks continually redesign supply and demand. And the Brent remains above $100. There is a time, in the markets, [...] L'articolo J.P. Morgan: "The models are skipped." Oil enters an area where even the forecasts are no longer enough comes from Fortune…
Oil out of control: JP Morgan throws the towel on the forecasts while the destruction of the demand restrains the barrel. With ten million barrels a day blocked between the Middle East and Russia, the financial giants admit the inability to predict the prices. World stocks touch levels of alarm and the real economy pays the price of the crisis with consumption to collapse. The article Oil towards the point of no return: JP Morgan admits the yiel…
For the first time since the beginning of the war with Iran, JPMorgan has been left without a clear baseline scenario for the oil market. Analysts recognize that they do not understand how to model the end of the conflict, and Chevron sees no reason for a rapid price decline.
The global energy market is facing “historic uncertainty” as global financial institution JPMorgan officially announced that “they have abandoned and are no longer able to create a key forecasting framework for the direction of oil prices.” The post JPMorgan abandons global oil price forecast!? appeared first on Business Stock News Online.
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