Marketplace · Monday, October 26, 2026
Kai Ryssdal reported that JP Morgan estimates the fair value of Brent crude at $94 a barrel based on supply and demand realities, while the market closed at $115.20 a barrel due to geopolitical risk factors.
“Saw this on Axios. The JP Morgan puts the fair value of Brent crude at $94 a barrel. That's what, in theory, the supply demand realities say oil ought to be going for. At the close today, Brent crude, $115.20 a barrel.”