JPMorgan's Malek Says Brent Crude Could Drop Below $60 Near-Term
JPMorgan Head of EMEA Energy Equity Research Christyan Malek says the price of Brent crude could fall below $60 due to the current surplus in oil and uncertainty over OPEC's reaction to the decline in prices. "Brent probably can go much lower. I think it could could break $60 in the near-term," he says on "Bloomberg Markets: European Close." (Source: Bloomberg)
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### Instruction: JPMorgan's Malek Says Brent Crude Could Drop Below $60 Near-Term

### Response: JPMorgan Head of EMEA Energy Equity Research Christyan Malek says the price of Brent crude could fall below $60 due to the current surplus in oil and uncertainty over OPEC's reaction to the decline in prices. "Brent probably can go much lower. I think it could could break $60 in the near-term," he says on "Bloomberg Markets: European Close." (Source: Bloomberg)