Oil market likely to be in surplus next year, Morgan Stanley says

- The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.

Morgan Stanley said it expects OPEC and non-OPEC supply to grow by about 2.5 million barrels per day in 2025, well ahead of demand growth.Refinery runs are set to reach a peak in August this year, and unlikely to return to that level until July 2025, it said. The TSX’s dividend pioneer and first Dividend King are must-haves in an RRSP to ensure financial security in retirement. The post RRSP Must-Haves: 2 Canadian Stocks to Secure Your Future appeared first on The Motley Fool Canada.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A 10% market correction is 'highly likely': Morgan Stanley's WilsonMorgan Stanley chief US equity strategist Mike Wilson says a 10% market correction between now and the election is 'highly likely.' In an interview with...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’Traders should brace for a correction in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’(Bloomberg) -- Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »