The international crude benchmark, Brent, could dip to the $30 per barrel range by 2027 as oversupply could overwhelm the market, forecasted JPMorgan. Currently, Brent oil is trading around $62-$63 per barrel. Brent is expected to average $42 per barrel, sliding toward $30 by the end of 2027, while WTI crude is projected to follow a similar path.