Lates News

"Currently, there is a 20% possibility of a major disruption in Gulf energy exports being factored into the oil market," said Morgan Stanley analyst Natasha Kaneva in a report. The bank reiterated that such a disruption could "result in crude oil prices reaching the range of 120-130 US dollars." Nevertheless, "global oil supply is sufficient," providing support for the bank's current oil price forecast based on supply and demand balance. The bank expects the average price of Brent in the second quarter to be $67 per barrel, and if the risk premium dissipates, the price will fall back to $60 per barrel.