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-3.20780137293607E-05 0.000144351061782305 0.0012189645217168 0.00173221274138712 0.000962340411881733 -0.000352858151023332 -0.000352858151023332 -0.000352858151023332
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Oil prices may spike again as 'something is off' with the current math, JPMorgan says [Yahoo! Finance Canada]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Those prices could soon change as "something is off" in the math, according to JPMorgan oil strategists. In commodities markets, the arithmetic required to balance the market is straightforward. Supply plus inventory withdrawals equals consumption plus inventory builds. In simple terms: How much oil is available in storage, and how much of that capacity is getting used up? "Commodities markets are always forced into equilibrium: the market must clear," the JPMorgan strategists, led by head of global commodities strategy Natasha Kaneva, wrote. "If production falls short of demand, the gap can't persist." Read more: As of late April, the disruption to global supply has reached 13.7 million barrels per day (mbpd), according to JPMorgan, or nearly 15% of the world's demand of roughly 100 mbpd. There are only a few levers to pull in a disrupted market. The first answer is often spare production capacity, with producers ramping up to backfill losses. Yet the lion's share of glob Show less Read more
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