Wall Street's Commodity Outlook
Following a commodities surge, Wall Street remains bullish on resource stocks.
JPMorgan sees strong global oil demand, albeit weak crude oil demand. They are optimistic about mining and energy stocks, citing attractive valuations and strong shareholder returns.
They predict Brent crude will rise $10 by September due to improved fundamentals and increased demand for gasoline and aviation fuel. $Crude Oil Futures(AUG4)(CLmain.US$ $Brent Last Day Financial Futures(SEP4)(BZmain.US$ $BHP Group Ltd(BHP.US$ $BHP Group Ltd(BHP.AU$ $Occidental Petroleum(OXY.US$ $Exxon Mobil(XOM.US$
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