Here’s oil’s path to $120 per barrel, according to JPMorgan

JPMorgan's outlook suggests a potential surge in oil prices to $120/barrel, indicating significant upward pressure driven by factors like geopolitical tensions or supply constraints. This projection, if realized, would have broad implications for inflation, corporate earnings, and global economic growth. Investors should monitor supply-demand dynamics and geopolitical developments closely as they could provide the catalysts for such a price movement.