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JP Morgan: Oil’s Volatile Journey From $145.29 Peak to $71.48—What’s Next?
JP Morgan: Oil’s Volatile Journey From $145.29 Peak to $71.48—What’s Next?
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Oil prices have plummeted from their 2008 peak of $145.29 to $71.48 as of March 2025, according to JP Morgan’s latest analysis. The drastic decline underscores extreme volatility, with prices previously bottoming at $11.57 in April 2020. Supply-side dynamics—particularly the US shale revolution—now dominate market fundamentals, eclipsing demand fluctuations as the primary driver of price swings.
Global oil production has surged by approximately 3.9%, reshaping long-term volatility patterns. JP Morgan’s outlook highlights how structural shifts in energy markets continue to redefine expectations, with geopolitical and technological forces amplifying uncertainty.
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