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JP Morgan Research Warns of $60/bbl Brent

OIL

JPMorgan Head of EMEA Energy Equity Research Christyan Malek says the price of Brent crude could fall below $60 due to the current surplus in oil and uncertainty over OPEC's reaction to the decline in prices.

  • "Brent probably can go much lower. I think it could could break $60 in the near-term," he said.

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