JPM forecast Brent oil to $86 at the end of 2023

<p>JP Morgan on oil, expecting the price to rise. JPM pointing to inventories beginning to draw down as a key factor now at the amrgin. </p><ul><li>see Brent higher, in the $80s, during the July – September quarter</li><li>see Brent finishing the year at $86</li></ul><p>-</p><p>Overnight re Russian production ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/russias-oil-minister-novakcompanies-will-decide-themselves-whether-to-cut-prod-in-august-20230713/" target="_blank" rel="follow" data-article-link="true">Russia's oil minister Novak:Companies will decide themselves whether to cut prod in August</a></li></ul>

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