Brent seen slipping to $60/bbl by early next year at Morgan Stanley

6 days ago 2
 the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Brent crude likely will drift lower to ~$60/bbl by early 2025, as the oil market looks to remain well supplied with geopolitical risk abating following the Israel-Iran ceasefire, Morgan Stanley analysts said Tuesday.

"OPEC continues to unwind its production quota

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