JPMorgan said Monday crude oil prices may hit $125 per barrel in the second quarter of this year.The US-based global investment bank and financial services company said on the supply side the Organization of the Petroleum Exporting Countries (OPEC) and its allies, dubbed as OPEC+, is unlikely to deviate from its targeted oil production quota.The world’s biggest oil producers of OPEC+ are experiencing difficulties in meeting their monthly production quotas.The total oil production from OPEC+ rose in January by a modest 150,000 barrels per day (bpd), according to the International Energy Agency (IEA).
JPMorgan said Monday crude oil prices may hit $125 per barrel in...
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| Open | High | Low | Value | Volume |
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| MAY (ASX) Chart |