Hot oil: A support vessel sails alongside the crude oil tanker Devon as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran. Geopolitical risk is creeping back into the crude oil market. JPMorgan strategists see Brent oil spiking to US80 a barrel. — Bloomberg
NEW YORK: Oil prices, already at more than three-year highs, may be about to jump further.
And, to JPMorgan Chase & Co, crude-related assets are starting to look attractive.
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