JP Morgan Predicts Brent Crude to Fall into the $30s by FY27-End

JP Morgan predicts Brent crude oil prices could fall into the $30s by FY27-end due to a global supply glut that outpaces demand growth. The bank estimates global oil demand will rise steadily, but supply additions, particularly from non-OPEC+ producers, will overwhelm the market and weigh heavily on prices. This could benefit Indian markets, given their reliance on oil imports.