Investment bank JPMorgan Chase & Co. on Monday released its updated projections for crude oil prices, extending its outlook to 2027. The financial institution detailed specific forecasts for both Brent crude, a global benchmark, and West Texas Intermediate (WTI) crude, a key U.S. benchmark.

2027 Price Projections
JPMorgan projects Brent crude will reach $57 per barrel by 2027. This long-term forecast reflects the bank’s view on future supply and demand dynamics in the global oil market. The bank also anticipates West Texas Intermediate (WTI) crude will trade at $53 per barrel in the same year, outlining its expectations for the U.S. market.
Unchanged 2026 Estimates
The investment bank maintained its earlier estimates for 2026, keeping those figures consistent. JPMorgan continues to forecast Brent crude at $58 per barrel for that year, signaling stability in its mid-term outlook. Similarly, it expects WTI crude to trade at $54 per barrel in 2026. The bank’s 2026 outlook, therefore, remains unchanged from previous assessments.
Current Market Trading
As of Monday at 1434 GMT, Brent crude futures were actively trading at approximately $62.54 per barrel. This current market price provides an immediate reference point for investors and analysts. U.S. West Texas Intermediate crude, another significant benchmark, traded at $58.08 per barrel at the same time. These figures represent the market’s present valuation of crude oil.
Analyst Perspectives
Analysts often compare current trading levels with future projections to understand market sentiment. JPMorgan’s long-term forecasts offer insight into how a major financial institution views oil price trajectory. Such projections can influence investment decisions and energy sector strategies.




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