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(Bloomberg) -- Morgan Stanley increased its third- and fourth-quarter price forecasts for global benchmark Brent crude by $10 a barrel due to a greater-than-expected supply deficit driven by Russia and Iran.
The bank raised its third quarter estimate to $130 a barrel.
Morgan Stanley increased its third- and fourth-quarter price forecasts.
Crude oil supply and demand issues are creating a bullish stance. Buying crude oil sensitive companies on weakness makes the most sense. Read more...
Extreme volatility in oil markets is here to stay as open interest in oil futures has fallen to a seven-year low, making a less-liquid market even more prone to wild price swings