J.P. Morgan slashes its 2016 crude forecast to $31.50

10:43, 19 January 2016
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In a report published on Monday, the bank's commodity research team led by David Martin, dramatically slashed its outlook for both crude CLG6, +1.05%  and Brent LCOH6, +2.66%, saying the oversupply in the market will keep prices from bouncing back until late this year, according to MarketWatch. 

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