Morgan Stanley Cuts Oil Price Forecast After OPEC+ Decision ...Middle East

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Morgan Stanley Cuts Oil Price Forecast After OPEC+ Decision
source : OILPRICE ( Middle East ) () 27
While some analysts started talking about $100 after the surprise OPEC+ cuts, Morgan Stanley is cutting its price forecasts for this year and next, viewing the latest move as a probable admission from the biggest producers in OPEC+ that demand may not be doing too well in the coming months. “OPEC probably needs to do this to stand still,” Martijn Rats, chief commodity strategist at Morgan Stanley, says, as carried by Forexlive. However, the decision “reveals something, it gives a signal of where we are in the oil market. And look,…

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