Crude View: D-Street experts peg Brent at -80 in near-term, Morgan Stanley cuts forecast by  on soft demand | Stock Market News

Crude View: D-Street experts peg Brent at $75-80 in near-term, Morgan Stanley cuts forecast by $5 on soft demand | Stock Market News

Source: Live Mint Recent global developments leading to ample supplies amid weaker demand prospects have pushed Brent oil prices to lows of ~USD71/bbl. While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, we expect oil prices to rebound to USD75-80/bbl in the near term. Thus, net oil realization should…

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