Morgan Stanley analysts expect tightening oil market

07 October 2022 427
Morgan Stanley analysts expect tightening oil market

Morgan Stanley raises its oil price forecast for the first quarter of 2023 and predicts limited supply in the future due to the sharp production cuts agreed by OPEC+ producers.

 

Brent crude oil prices will reach $100 a barrel in the first quarter of 2023, according to the company's analysts: «Brent will reach $100 a barrel faster than we anticipated».

 


Source: Reuters.com

This content is for informational purposes only and is not intended to be investing advice.

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