JPM analysts on crude oil (in very brief)
- cut its Q2 demand forecast by 1.1 mn barrels a day
- reduced the outlook for H2 by about 500,000 bbls
- say the revision to forecasts are “heavily concentrated in Europe” saying the region is the centre of the geopolitical shock
Oil update:
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This article was originally published by Forexlive.com. Read the original article here.