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►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.