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JP Morgan expects Brent at $80/barrel in Q4 as Middle East tensions escalate

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J.P. Morgan Global Commodities Research maintains Brent oil averaging $80 per barrel (bbl) in 4Q24. Crude prices are set for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict, Brent crude futures LCOc1 trading at $78.71 a barrel while U.S. West Texas Intermediate crude futures CLc1 trading at $74.79 a ...

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