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JP Morgan is sticking to its base-circumstance oil rate forecast for 2025, projecting Brent crude will trade from the lower-to-mid $60s, In spite of a sharp escalation in geopolitical tensions involving Iran,…It may well appear to be Odd to say that Friday’s reaction in crude oil to the escalation while in the conflict in between Israel and Ira

But i count on that Significantly worse than shale -> Saudi and Russia has peaked (right here its also peak Low cost oil, there remains to be ALOT of oil in the bottom, but way more expencive to extract, say oil goes to 90-100$ per barrel Which oil is usually gonna be extracted, after which just slightly over crack even. But right before that we'll