J.P. Morgan says the current price of Brent crude is higher than its fundamental model pricing
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J.P. Morgan's Global Commodities Research team released research on crude oil pricing and a supporting podcast interpretation, stating that the current trading price of Brent crude is about $115, while the reasonable price calculated by its market fundamental-based pricing model is $94. This podcast was recorded on October 23, 2026, covering the basis of crude oil pricing, the impact of geographical factors and risk premiums on prices, and the relevant research report is only available to institutional clients.
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- English translation is being prepared.Global Commodities: What is the true price of crude oil?
A podcast hosted by Natasha Kaneva, Head of Global Commodities at J.P. Morgan, explores crude oil pricing, noting that Brent crude is currently trading at around $115, while its market-fundamentals-based pricing model suggests a fair value of $94. Recorded on October 23, 2026, the podcast covers the fundamentals of crude oil pricing and the impact of geographic factors and risk premiums on prices.
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