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J.P. Morgan goes totally bearish on oil and slashes 2016 crude forecast.

Top Daily News


J.P. Morgan goes totally bearish on oil and slashes 2016 crude forecast to $31.50.  Its new forecast calls for crude to average $31.50 a barrel in 2016, down from $48.88 previously.  They also altered their forecast for Brent to trade around $31.25 a barrel, down from $51.50.

Gold settles 1.6% higher last week, but still posts a weekly loss.

Markets slow on this holiday, Martin Luther King Day.