Hundred dollar bill. Falling money isolated background. American cash.

SEEKING ALPHA reports:

 – JPMorgan’s oil price forecasters published a note calling for $125 oil in Q2 of this year (NYSEARCA:USO), as OPEC+ is unlikely to deviate from targeted quota, driving a “risk premium” of $30 per barrel (NYSE:CVX) (NYSE:XOM).

– JPMorgan has been bullish on oil for several months now, as their team has flagged the potential for OPEC+ undershooting quotas, a view that has thus far proven out and become relatively consensus across the Street.

– RBC’s commodity team published a note Monday morning, calling for $115 ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.