‘Simple math’: JPMorgan analyst makes the case for why oil prices should push even higher
- Posted on April 24, 2026
- By CNBC
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- 1 min read
‘Simple math’: JPMorgan analyst makes the case for why oil prices should push even higher

Oil inventories and demand destruction have not balanced the supply disruption from the Iran war, JPMorgan said. Prices need to rise to close the deficit.