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Oil prices will hover near $90 in 2023 as Russian production bounces back to pre-war levels, JPMorgan says


Oil prices will head higher in 2023, but not as much as JPMorgan originally expected, according to a Monday note. The bank lowered its 2023 Brent crude oil forecast to $90 per barrel from $98 on the grounds that Russia will normalize its oil production to pre-war levels. With Brent crude oil …

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