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Crude oil prices to fall 50% to $30 by FY27, says JP Morgan. What could it mean for your stocks?

JP Morgan has predicted Brent crude could drop to $30 by FY27, a nearly 50% fall. Lower oil prices are likely to ease Indias import bill, improve the current account, and boost profits for airlines, tyre makers, and paint companies. However, upstream players like ONGC could face margin pressures amid global oversupply.