18 Sep 2025 | 5 Mins Read
JM Financial forecasts stabilized crude oil at $70-$72 a barrel
Flipitmoney
Analyst Dayanand Mittal expects crude oil to settle at $70–72 per barrel medium term, balanced between US shale break-even price and Saudi Arabia's demand for higher prices. OPEC+ supply hikes and US-Saudi alignment will keep oil soft near term. Mittal favors Bharat Petroleum, Indian Oil, Oil India, and sees 10% earnings growth in GAIL from tariff revisions.