Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows

Morgan Stanley cuts its oil price forecasts as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand increase the risk of...

By Kanoko Matsuyama · Bloomberg Markets

Morgan Stanley cuts its oil price forecasts as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand increase the risk of a surplus.