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Brent oil price likely anchored around $80 / bbl says Morgan Stanley
Oil could be anchored near $80 a barrel according to a Morgan Stanley note from late last week. The main points made are that:a more balanced oil market could be close byoil market is likely to remain in a deficit in the second of half of 2023 before returning to a small surplus next year. “We still see undersupply – and hence inventory draws – for the remainder of 3Q as well as 4Q. However, this turns into small builds in the early part of next year” “We suspect that the likely inventory trajec...
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Posted: Aug 28 2023, 01:00
Author Name: forexlive
Views: 111788
