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Audi just revealed a new electric concept car and its stunning design rivals Tesla's Model S

Audi E-Tron GT
  • Audi unveiled its E-Tron GT electric sedan concept on Wednesday at the Los Angeles Auto Show.
  • The automaker said it would begin delivering the production version of the vehicle in early 2021.
  • The E-Tron GT concept has a 90-kWh battery providing a range of about 248 miles, as well as 590 horsepower and the ability to accelerate from 0 to 60 mph in about 3.5 seconds, according to Audi.
  • Audi did not

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JP Morgan gives its prediction for Brent crude in 2019

►JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 — down from the investment bank's previous forecast of $83.50 a barrel.

►Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC demand growth will weigh, particularly after the Organization of the Petroleum Exporting Countries (OPEC) agreed to ramp up production earlier this year.

►Slowing demand growth will weigh on prices in 2019 and 2020.

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