JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut

A 3 million-barrel cut to daily supplies would push benchmark London crude prices to $190, while the worst-case scenario of 5 million could mean “stratospheric” $380 crude, the analysts wrote.

JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut
A 3 million-barrel cut to daily supplies would push benchmark London crude prices to $190, while the worst-case scenario of 5 million could mean “stratospheric” $380 crude, the analysts wrote.