TL;DR CNBC

Oil strategist says the market could be caught off guard by a crude spike this summer

Publishing timestamp: 2024-03-13 08:48:32

Summary

Morgan Stanley's Martijn Rats warns that investors could be caught off guard by the strength of the oil price rally this summer. Factors such as potential supply disruptions, Federal Reserve interest rate cuts, and unexpected demand growth could lead to a tighter oil market and higher prices. OPEC+ extending output reductions and geopolitical tensions are also contributing to the uncertainty in the oil market.

Sentiment: MIXED

Tickers: MS,  @LCO.1,  @CL.1, 

Keywords: business news,  morgan stanley,  oil and gas,  energy, 

Source: https://www.cnbc.com/2024/03/13/oil-prices-could-surprise-to-the-upside-this-summer-morgan-stanley.html