OilPrice.com: JP Morgan predicts the end of covid, a strong economy, and $125 Oil.
Next year could lay the foundation for "a far more vibrant economic environment" and COVID transitioning from a pandemic to an endemic disease, JP Morgan said in its Outlook 2022, titled 'Preparing for a vibrant cycle.' According to the investment bank, household net worth is at all-time highs in many developed countries, and excess savings are elevated. Consumption will likely be strong for years amid strong labor market conditions and the capacity to take on more debt, JP Morgan's strategists said in the report for 2022.
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Oil Price Forecast of $125/bbl w/i a year - Dec 9
Oil Price Forecast of $125/bbl w/i a year - Dec 9
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group