5 Things To Know About Crude Oil 

5 Things To Know About Crude Oil

Prices of crude oil and slated to stay subdued. Yesterday, news reports stated that JP Morgan slashed its crude oil price forecast, citing increased production and peak seasonal refinery maintenance in October.The bank forecast Brent crude prices at $54.50 (2015) and $52.50 (2016) per barrel, while lowering its WTI outlook to $48.50 (2015) and $46.50 (2016) per barrel.Crude oil is one of the most widely used and actively traded commodities in the world. Here's what you need to know about its price.