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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
J.P. Morgan thinks crude oil could hit $190/barrel by 2025.
That stunning figure was buried in a detailed, 65-page report from its European equity research team, titled “Supercycle on the Horizon.” Due to the unfortunate timing of its release - March 3, 2020 - the report understandably received little-to-no media coverage as the COVID-19 pandemic gained momentum and global markets began to crash. The key paragraph can be seen below:
“The combination of the supply and demand side dynamics suggests that the global oil market could move into large and sustained deficits past 2022, reaching