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.

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