$100 Oil No Longer a Threat: JPMorgan Sees Investors' Shift in Focus

J.P. Morgan Private Bank has released a statement indicating that $100 oil is no longer as intimidating as it once was. The bank notes that investors have become accustomed to higher energy prices and are now more concerned with economic growth and inflation than with the prospect of high oil costs.

The bank's assessment comes as oil prices continue to hover around $80 a barrel, a level that would have been considered astronomical just a few years ago. However, J.P. Morgan Private Bank suggests that investors are no longer spooked by high oil prices, and are instead focused on the potential for economic growth and inflation.

The bank's views on the matter are based on market conditions, and are subject to change without notice. Investors should consult their own tax, legal, and accounting advisors before making any financial decisions.