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.
Oil Price Forecast
WTI Crude Oil Jumps After Russian Depot Strike and New US Sanctions Despite Oversupply Worries
West Texas Intermediate (WTI) US Oil trades around $59.50 on Friday at the time of writing, up 1.60% on the day, after hitting a daily high at $60.47. The WTI Crude Oil recovers after a Ukrainian drone strike damaged an Oil depot at Russia’s Black Sea port of Novorossiysk, one of the country’s key export hubs.