Oil Prices Predicted to Drop, Ukraine Peace Talks Impact Energy Costs
Update: 2025-11-24
Description
JP Morgan predicts Brent crude could drop to $30 per barrel by 2027 due to oversupply, while Goldman Sachs expects WTI crude to average $53 per barrel in 2026. The oil market is closely watching Ukraine peace negotiations, which could impact energy prices. Despite concerns, many analysts dont foresee oil prices falling below $40 in the near future.
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