JP Morgan takes bite out of oil price estimate for the rest of the year
The major bank will now lower its oil price estimates for the third and fourth quarters this year.
BY RITZAU FINANS
Major bank JP Morgan set the bar too high, in terms of where the oil price is expected to land for the rest of 2017. For this reason, the bank has now lowered its oil price estimates for the third and fourth quarters this year.
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