scorecardresearch$45 or $380 per barrel? Experts remain divided on the outlook of crude oil prices

$45 or $380 per barrel? Experts remain divided on the outlook of crude oil prices

Updated: 07 Jul 2022, 07:38 AM IST
TL;DR.
According to Citigroup, crude oil prices could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling recession hits. However, JPMorgan warned that oil prices could surge 240 percent to $380 a barrel if Russia slashes production in response to a price cap.
According to Citigroup, crude oil prices could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling recession hits. However, JPMorgan warned that oil prices could surge 240 percent to $380 a barrel if Russia slashes production in response to a price cap.

According to Citigroup, crude oil prices could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling recession hits. However, JPMorgan warned that oil prices could surge 240 percent to $380 a barrel if Russia slashes production in response to a price cap.