{"id":13651,"date":"2011-04-06T06:45:20","date_gmt":"2011-04-06T04:45:20","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13651\/brent-oil-trading-near-122-jp-morgan-expects-higher-prices\/"},"modified":"2011-04-06T06:45:20","modified_gmt":"2011-04-06T04:45:20","slug":"brent-oil-trading-near-122-jp-morgan-expects-higher-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13651\/brent-oil-trading-near-122-jp-morgan-expects-higher-prices\/","title":{"rendered":"Brent oil trading near $122, JP Morgan expects higher prices"},"content":{"rendered":"

Brent oil futures open Wednesday’s trading session around $122 a barrel while the latest oil price forecast from JP Morgan predicts that Brent oil futures could trade up to $130 a barrel in the next few months.<\/p>\n

Latest Brent Oil Price<\/strong><\/p>\n

In London, Brent crude oil futures for May 2011 delivery was trading at $121.86 a barrel, 05.30 GMT this morning on the ICE Futures Exchange.<\/p>\n

JP Morgan Oil Price Forecast<\/strong><\/p>\n

“Currently, Brent crude is around $115 a barrel. We think Brent crude could reach $120 to $130 in the next couple of months. We are focusing a lot on China\u2019s development plan in the energy sector.” said Jing Ulrich, JP Morgan\u2019s managing director and chairman of global markets, China.<\/p>\n

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