JP Morgan Sees Oil Price Above $185

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Pumping oil from the ground, Image by John R Perry from Pixabay.
Pumping oil from the ground, Image by John R Perry from Pixabay.

JP Morgan expects the European Union to ban Russian oil imports next week, which could send Brent oil from around $103 to $185 per barrel. That could send gas prices us an additional $3 or so per gallon. When oil prices rise, they send up the cost of transporting food and goods, creating further inflation.

Published 4/19/2022. Read the full article.

1 COMMENT

  1. $10 gas by summer and Biden will still be shipping boatloads of oil (spr that trump bought) to Europe.

    Soon he will be sending our food to other countries in a food crisis…. And Americans will do nothing but complain

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