🛢 🇺🇸 💵 JPMorgan says oil could spike to $150, gets very bullish on energy stocks Get ready for high...

🛢 🇺🇸 💵 JPMorgan says oil could spike to $150, gets very bullish on energy stocks Get ready for higher energy costs, JPMorgan said Friday, warning that the latest surge in oil prices may have a lot further to run. Analyst Christyan Malek upgraded the entire global energy sector to an overweight rating in a 44-page research report, saying that capacity shocks over the near to medium term and an energy "supercycle" could eventually drive up Brent crude prices — the global benchmark — as high as $150 a barrel. The recent uptick in oil prices , sparked by output cuts from OPEC and higher demand, has fueled inflationary fears and heightened concern that interest rates may stay at today's lofty levels for longer. Consumer prices in August, for example, showed a 0.6% month-over-month increase, the largest monthly gain of the year, partly owing to uptick in energy prices. Brent prices rose another 1% Friday to trade around $94 a barrel as a fuel export ban from Russia reignited global supply fears. https://www.cnbc.com/2023/09/22/jpmorgan-says-oil-might-reach-150-gets-very-bullish-on-energy-stocks.html https://archive.ph/9R8t0

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