Shortfalls in OPEC+ production and spare capacity concerns are likely to keep the oil market tight and prices could hit $125 per barrel as early as the second quarter of this year, JP Morgan Global Equity Research said. “Supply undershoot set to rise through 2022 as OPEC+ unlikely to deviate from targeted quota increases – .
By Yuka Obayashi TOKYO (Reuters) - Oil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as globa.