JP Morgan says price of oil could rise to US $120 because supply cuts may not be over

<p>JP Morgan flagged a big risk for the global economy, saying the concern is that cuts to the supply of oil "are not finished". </p><p>JPM say this could see the oil price as high as US$120 / bbl.</p><p>And that the flow-on effect if this were to happen in the next few weeks would be "the global economy would slow to a near stall" in Q4 of 2023.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.