CNBC | JPMorgan raises oil price forecast to $70, topping many Wall Street targets, citing strong demand CNBC To be sure, J. P. Morgan now thinks Brent crude, the international benchmark for oil prices, will average $70 this year, with demand-driven oil price strength in the first half offsetting weakness in the back part of the year as drillers pump more oil ... Oil dips but still set for strongest January in five years Oil Slips as Dollar Kills Crude's Mojo, Storage Withdrawals End ... Oil traders keep weaker dollar in their sights |