JP Morgan: Oil Price Could More Than Triple If Russia Decides to Cut Output

By Epoch Times —— Bio and Archives July 4, 2022

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Analysts with JP Morgan Chase said the price for a barrel of oil could more than triple if Russia decides to cut its output amid record-high gas prices. The current price for a barrel of oil stands at around $110, but that could increase to a “stratospheric” $380 per barrel if Russia acts to cut output, JP Morgan’s analysis wrote in a note, according to Bloomberg News.-- More...

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