ICYMI - Morgan Stanley have cut its oil price forecast again, see Brent @ $75 / bbl in Q4 ...Middle East

Two weeks ago Morgan Stanley lowered their Brent crude oil forecast to $80 / barrel. Now they've cut it even further:now expecting an average $75 a barrel in Q4 of 2024Citing demand headwinds:"considerable demand weakness”signals are of “recession-like inventory builds” On supply:oil market to remain tight through Q3potential move into surplus by 2025Brent update, a more or less sideways beginning to the week: This article was written by Eamonn Sheridan at www.forexlive.com.

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