-- Morgan Stanley reduced its Brent crude price forecasts for the second time in a matter of weeks, as demand challenges mount while supplies remain plentiful.The global benchmark will average $75 a barrel in the fourth quarter, according to a note from analysts including Martijn Rats. That compares with an earlier projection of $80 between October and December, which was issued just last month in a cut from the prior outlook for $85.
“The recent trajectory of oil prices has similarities to other periods with considerable demand weakness,” Rats and his colleagues said in the report dated Sept. 9. Time spreads — price comparisons along the futures curve — indicated the coming of “recession-like inventory builds,” although it was too early to make this the bank’s base case, they said.
ATLANTA — Sean Murphy’s infield ground ball with the bases loaded scored a sliding Eli White in the 11th inning, and the Atlanta Braves rallied for a gritty 4-3 win over the Toronto Blue Jays on Sunday.ROAD TOWN, British Virgin Islands, Sept. 09, 2024 -- Aura Minerals Inc. informs its shareholders and the market in general that its Subsidiary, Aura Almas Mineração S.A.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »