"Why This Episode Is So Unusual": JPMorgan Calculates How Much Longer We Can Go Without Another Oil And Gas Price Surge

Each additional month adds roughly $7-8/bbl to Brent, lifting monthly average prices to around $114/bbl if disruptions extend to three months... In the previous round of escalations, negotiations began once US gasoline prices reached $4.20 and became far more urgent as prices neared $4.50.

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