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Morgan Stanley: Forecast for Q3 Brent crude $90/barrel

 Last Update: 2023-03-16
 Source: Internet
 Author: User

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Morgan Stanley: Based on current trends, the oil market could see a combination of low inventories, low spare capacity and low investment levels
in the second half of 2022.
Our forecast is risky, but given this outlook, we reiterate our forecast
for Q3 Brent at $90/b.
The balance of supply and demand in the oil market looks weak in the first half of the year, but there may be a threefold (supply) gap
in the second half of the year.
Analysts at the International Derivatives Think Tank believe that concerns about the lack of global spare capacity are the focus of recent market trading and need to be paid attention
to in the later stage.

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