JPMorgan — Oil Market Outlook 2026
date compiled: 2026-04-12
institution: JPMorgan Chase
type: investment-bank
sources: SYNTHESIS.md (referenced), Reuters, OilPrice.com
Comparison to Banks
| Institution | Base Case | Worst Case |
|---|---|---|
| **Goldman Sachs** | ~$90 (Q2 post-ceasefire) | $120 (1+ month continued closure) |
| **Morgan Stanley** | $80–$90 | $150–$180 (intensification) |
| **JPMorgan** | ~$103 | $150+ |
| **EIA STEO** | $103 March, ~$85 recovery | $115 central |