JPMorgan struggles to forecast oil price as Iran war deepens Nigeria’s petrol concerns

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JPMorgan struggles to forecast oil price as Iran war deepens Nigeria’s petrol concerns

AI Summary

JPMorgan is struggling to forecast oil prices amid escalating conflict involving Iran, which is increasing pressure on global crude markets. Nigeria is experiencing rising petrol prices, with pump prices exceeding N1,400 per litre in parts of Abuja due to this turmoil.

The development comes as Nigerians face another increase in petrol prices, with pump prices rising above N1,400 per litre in parts of Abuja amid renewed pressure on global crude and refined-product markets. The post JPMorgan struggles to forecast oil price as Iran war deepens Nigeria’s petrol concerns appeared first on Premium Times Nigeria.

World Conflict Politics Markets Commodities Energy JPMorgan oil price Iran conflict Nigeria petrol prices global crude market energy market geopolitical risk

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