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19.01.2016 09:14 JPMorgan Chase lowers its forecasts for oil prices

JPMorgan Chase on Monday cut its forecasts for oil prices due to the global oil oversupply. The bank expects Brent crude to be around $31.25 a barrel in 2016, down from its previous estimate of $51.50 a barrel, while WTI crude is expected to be $31.5 a barrel, down from its previous estimate of $48.88 a barrel.



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