Morgan Stanley Expects $40 Brent By Christmas

Morgan Stanley expects Brent crude to trade at $40 a barrel by the end of the year thanks to the recovery in demand, which has taken off faster than the bank expected.

“We expect demand to rebound to about 97 million barrels per day (bpd) by Q4 as economies come out of lockdown – a significant improvement although still down about 4 million bpd year-on-year,”

 

 

Source: https://oilprice.com/Energy/Oil-Prices/Morgan-Stanley-Expects-40-Brent-By-Christmas.html

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