Morgan Stanley Cuts Oil Forecasts as Hormuz Traffic Recovers

Morgan Stanley has cut its oil price forecasts, citing a faster-than-expected recovery in shipping traffic through the Strait of Hormuz. The increased flow of oil through the strait suggests improved supply conditions.

30 Jun, 09:23 — 30 Jun, 09:23

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marketwatchMostly Factual41d ago

Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target

The Strait of Hormuz is reopening faster than expected, oil analysts at Morgan Stanley said as they cut their oil-price view for this year and next.

By Steve Goldstein

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First report: bloomberg · 30 Jun, 00:10|Full coverage: 2 · 9h|Window: 9h

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bloomberg30 Jun, 00:10First to report

Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows - Bloomberg.com

9h later

marketwatch30 Jun, 09:23Latest update

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Morgan Stanley Cuts Oil Forecasts as Hormuz Traffic Recovers

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Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target

Coverage Timeline

Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows - Bloomberg.com

Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target

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