Forex
globalreutersOctober 9, 20241 Mins read
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.
Related Articles
USDCHF moves above converged 100 and 200 hour MAs and rockets higher
Earlier today, I posted:USDCHF: The USDCHF held resistance at the 100-hour moving...
Matt Gaetz withdraws name for Attorney General nomination
This article was written by Greg Michalowski at www.forexlive.com.
Fed’s Goolsbee: It may make sense to slow pace of interest rate cuts
It make sense for the Fed to slow the pace of interest...
Major European indices close higher on the day
Major European indices are closing higher on the day. The gains are...
Leave a comment