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JP Morgan Reveals Latest Oil and Gas Price Forecasts
J.P. Morgan has revealed its latest Brent, WTI, and Henry Hub gas price forecasts in a research note sent to Rigzone this week. According to the note, J.P. Morgan anticipates the Brent crude price to average $84 per barrel in 2024 and $75 per barrel in 2025, and the WTI crude price to average $79 per barrel this year and $71 per barrel next year. The Henry Hub price is expected to average $2.88 per million British thermal units (MMBtu) in 2024 and $4.75 per MMBtu in 2025, the note revealed. Broken down quarterly, the company anticipates in the research note that Brent crude will come in at $84 per barrel across the ... (full story)