JP Morgan gives its prediction for Brent crude in...

JP Morgan gives its prediction for Brent crude in 2019:

https://www.cnbc.com/2018/11/22/oil-pricesjp-morgan-gives-its-prediction-for-brent-crude-in-2019.html

Extracts:

JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 — down from the investment bank's previous forecast of $83.50 a barrel.

JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.

To put these revised forecasts in perspective, from HZN's FY2018 AR:

Crude oil sales revenue of US$106.2 million (2017: US$68.0million) was generated during the financial year resulting from a net realised oil price of US$64.35 per barrel (2017: US$47.81).

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