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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Morgan Stanley lowered its fourth-quarter Brent crude oil price forecast by $5 to $75 per barrel
Golden Ten Data September 9th news, Morgan Stanley said in a report that unless demand continues to weaken further, Brent crude oil prices may remain in the middle of the $70 range; the bank has lowered its price forecast. Analysts including Martijn Rats at the bank stated in the report that the recent oil price trajectory is similar to other periods, with significantly weak demand. The price difference indicates an upcoming 'recession-like inventory increase', but it is still too early to consider it as the bank's base scenario. OPEC+ postponing plans for increased production indicates its focus on balancing the market. The bank still predicts oversupply by 2025, but slightly lower than previously estimated. Morgan Stanley also lowered its Brent oil price forecast last month.