JP Morgan admitted it cannot forecast oil prices as the US‑Iran war drags on, noting that key economic red lines have already been crossed.
Posts tagged as “energy markets”
Diesel hit a historic $6.31 per gallon, prompting concerns that rising freight costs will push up consumer prices across the United States.
Oil prices declined Thursday amid reports of a U.S.-Iran deal and forecasts from the International Energy Agency predicting a supply glut next year.