According to BeInCrypto, JPMorgan has explained why oil prices continue to rise even though crude supply remains ample. The bank attributes the upward pressure on prices largely to a current shortage of tankers available for transporting oil.
The analysis highlights that limited tanker capacity is restricting the flow of crude from producers to markets, which can influence pricing despite overall supply levels being sufficient. JPMorgan notes that operational and scheduling factors contribute to the reduced availability of vessels able to carry oil at present.
No specific figures on price changes, demand levels, or tanker numbers are provided in the analysis. The explanation focuses on logistical constraints affecting market dynamics under current conditions.
