JP Morgan Sees Average of $78 Oil in 2018

Could JP Morgan be the new Goldman Sachs, changing their opinion every week? We shall see. 

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Lol, Jamie Dimon also changed opinion on Bitcoin... even though it's crashing right now.

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I was wrong. Goldman is still Goldman:

"Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced.

The bank now estimates Brent will reach $75 a barrel over the next three months and will climb to $82.50 within six months, analysts including Damien Courvalin wrote in an emailed report."

Do I hear $100? $100 anyone? 

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Don't see it happening. Waiting for the inventory build ...

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These predictions are fairly meaningless, although can sometimes be self-fulfilling prophecy. I love the ones that give huge ranges. I personally predict oil prices in 2018 will be between $30 ad $100 per barrel. 

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