Baku 24° C
Morgan Stanley reduces oil price forecast
Energy
- 06 November, 2018
- 12:13
Baku. 6 November. REPORT.AZ/ As the oil market is supplied well, analysts at Morgan Stanley reduced forecast for oil price for 2019, Report informs citing Interfax.
The analysts think that the price of Brent for the fourth quarter of this year will be $77.50 a barrel, compared with a prior projection of $85 a barrel, $80 a barrel in October-December 2019 (the forecast - $87).
The first forecast on WTI crude oil was reduced from $70 a barrel to $68.5 a barrel, the second forecast from $80.5 a barrel to $71 a barrel.
Author
Latest News
23:59
More than 30,000 Mercedes-Benz employees protest across Germany
Other countries23:43
Two Romanian men jailed for stabbing journalist in London
Other countries23:33
Turkish, Syrian foreign ministers discuss regional situation by phone
Region23:12
FIFA may delay Mexico–England World Cup match due to thunderstorms
Football22:51
Five killed in landmine explosion near T-4 airbase in Syria
Other countries22:38
Hikmat Hajiyev: We extend our warm congratulations to all our friends and colleagues in US
Foreign policy22:28
Extreme heat accelerates glacier melting in Switzerland
Ecology22:11
Hamilton wins sprint qualifying at Formula 1 British Grand Prix
Formula 122:09
Photo