Morgan Stanley: Oil Is Heading To $70Rupert Hargreaves
Oil markets will remain weak until 2017 but should rapidly tighten thereafter; that’s according to analysts at Morgan Stanley who believe that most oil market participants are spending too much time concentrating on the oil markets of the Middle East and the United States when putting forecasts together.
While these oil markets are important, Morgan’s analysts highlight that only 45% of the world’s oil supply comes from these two regions with 55% coming from . . .
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