Morgan Stanley cut oil forecasts for the second time in about two weeks as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand raise the risk of a glut.
Morgan Stanley Warns of Global Oil Glut, Cuts Outlook on Hormuz
Morgan Stanley cut oil forecasts for the second time in about two weeks as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand raise the risk of a glut.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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