Intermediate bounce in oil price likely: Abhishek Deshpande of JPMorgan

In a Q&A, the executive director of JPMorgan Chase Bank says sluggish GDP growth and low-cost non-Opec supply should cap oil prices in the absence of any large-scale geopolitical disruption

Crude oil prices have fallen nearly 30 per cent the past two months. Dr Abhishek Deshpande, Executive Director-global commodity research, JPMorgan Chase Bank tells Rajesh Bhayani in an interview that the crude market is likely to enter a structurally slow demand phase in 2019-20. Sluggish GDP growth and low-cost non-Opec supply should put a cap on oil prices in the absence of any large-scale geopolitical disruption. Excerpts:

Why are crude oil prices falling and where do you see the bottom? 

Navigating the oil market has become challenging due to US foreign policies concerning oil producers, including Opec, and rising geopolitical