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Morgan Stanley raised its Brent price forecast to $80 a barrel (from $75) for Q4 2024
globalreutersOctober 9, 20241 Mins read Morgan Stanley has bumped its forecast for Brent crude oil in the final quarter of 2024 to $80 / Barrel
- up from its previous forecast of $75
MS cite heightened geopolitical risk.
MS are wary though, saying demand is weaker than expected and supply has been robust. And thus warn of a widening surplus in the market into next year.
—
Oil update, dipped back from its recent high on Wednesday:
This article was written by Eamonn Sheridan at www.forexlive.com.
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