Crude Oil Price Forecast: JP Morgan Sees Fall to $30 Range by FY27 – Big Reasons Explained

Crude Oil Price Forecast

Crude Oil Price Forecast (28-Nov-2025): In a bold prediction for energy markets, JP Morgan has projected that Brent crude could slide into the $30s by the end of FY27, driven by a deepening global supply glut that far outpaces demand growth. The investment bank’s latest outlook suggests that even as oil consumption rises steadily over the next three years, supply additions — particularly from non-OPEC+ producers — will overwhelm the market and weigh heavily on prices. If this plays out, it could prove to be a major boost for Indian markets, given the country’s heavy reliance on oil imports.

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Crude Oil Outlook: Prices Likely to Stay Stable After Recent Volatility

Crude Oil Outlook: WTI’s price appears to have stabilised somewhat since our last report. In today’s report we are to have a look at fundamental issues that could alter its direction, including the US peace plan for the war in Ukraine, OPEC’s intentions, and the state of the US oil market. We are to conclude the report with a technical analysis of WTI’s daily chart.

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