Publisher: Maaal International Media Company
License: 465734
Friday, 18 April 2025
Morgan Stanley sees Brent to hit $130/barrel
Morgan Stanley raised its price forecast for Brent by $10 per barrel to hit $130 during the third and fourth quarters of the current year.
The bank added that this comes due to a “greater deficit” this year on lower supply from Russia and Iran, which is likely to outweigh short-term demand headwinds.
It expects the oil supply shortage to reach 1 million barrels per day in 2022.
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