Morgan Stanley expects Brent oil to reach $ 40 a barrel by the end of the year, up from $ 35 a barrel previously.
According to Reuters, Morgan Stanley said that current estimates indicate a supply shortfall of between 4 million and 6 million barrels per day in the fourth quarter of 2020 and the quarter / 1 From 2021.
Morgan Stanley has maintained its expectations for the time being for Brent at $ 45 a barrel in the long term, but it indicates a growing downward risk.
He added: We raise our expectations for Brent in the 3rd quarter from $ 30 to $ 35 a barrel and our expectations for the fourth quarter from $ 35 to $ 40.
