Morgan Stanley with a reduced forecast for Brent oil

Morgan Stanley revised its forecast for the Brent variety for 2019

Their new target is the price to maintain average levels of around $ 68.50, with their previous vision at about $ 78.50.

Their expectations are a rise in prices, but not too high, due to the likelihood of OPEC’s success in protecting the market from over-saturation in the first half of 2019. October’s peak in 2018 will hardly be tested again soon.

 Trader Martin Nikolov

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