JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019

Russia is Expected to Announce Oil Supply Cuts at its Upcoming Meeting on Dec. 6.

Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC that the investment bank recently revised its outlook in part due to North American supply ramping up in the second half of next year. JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.

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JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 via @goldsilverrepor

Trump is Showing He ‘Actually Wants’ a Trade Deal With China, Stanford Expert Says

China to shut its consulate in Houston within 72 hours

Trump’s Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a “long and very good conversation” with China’s president — is one of several “smoke signals” that show the White House truly hopes to resolve its ongoing dispute with the world’s second-largest economy.

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Trump is Showing He ‘Actually Wants’ a Trade Deal With China, Stanford Expert Says via @goldsilverrepor