Oil price pain to be felt by Aussies: JP Morgan

JP Morgan is reportedly slashing its profit forecasts for several Australian oil companies on the back of the recent oil slump on world markets.

Oil price pain to be felt by Aussies: JP Morgan
Oil price pain to be felt by Aussies: JP Morgan
Oil price pain to be felt by Aussies: JP Morgan
Oil price pain to be felt by Aussies: JP Morgan
Oil price pain to be felt by Aussies: JP Morgan

Although oil finished broadly up in last night's trade, the picture since the end of April hasn't been great for analysts predicting oil to hover around the $100 per barrel mark due to continuing

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