JPMorgan Chase Cuts Brent Crude Outlook for H2 2026 and 2027, Sees Q3 at $86/bbl

According to JPMorgan Chase, the bank has lowered its Brent crude price outlook for the second half of 2026 and 2027. The bank expects Brent to average $86 per barrel in Q3 2026, $80 per barrel in Q4 2026, and $78 per barrel at the end of 2026. For 2027, JPMorgan Chase projects an average price of $64 per barrel.
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