Forecast: Oil prices may rise to $150 a barrel in short-term prospect

12:29 - 17.06.2022

June 17, Fineko/abc.az. According to JPMorgan Chase & Co., due to reduced supplies and inventories, goods can continue to generate large returns to their investor.

ABC.AZ reports that the global financial services company predicts that in the northern hemisphere in the summer season, the price increase may be 10%, and by the end of the year – about 5%.

JPMorgan, which published a mid-year forecast, stated that it expects continued volatility in the commodity market.

JPMorgan estimates that oil prices could rise to $150 per barrel in the short-term prospect.