Brent crude to be well supported near $80/bbl: Morgan Stanley
Morgan Stanley raised its Brent price forecast for the third quarter to $85 per barrel from $75, and for the fourth quarter to $82.50 from $70. The global benchmark was trading around $84 a barrel on Friday.
Morgan Stanley raised its 2023 oil demand forecast to 2.1 million barrels per day from 1.8 million.