Oil Prices Predicted to Drop, Ukraine Peace Talks Impact Energy Costs

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.