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Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows

Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows
Bloomberg Markets Tuesday 30 June 2026, 00:10 UTC By Kanoko Matsuyama 1 min read
Key Points

Energy Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows Morgan Stanley cuts its oil price forecasts as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand increase the risk of a surplus. The bank lowered its third-quarter 2026 Dated Brent forecast by $15 to $75 a barrel, analysts Martijn Rats, Charlotte Firkins and Amy Gower said in a note dated Monday.

Energy Morgan Stanley Cuts Oil Forecasts on Fast Return of Hormuz Flows Morgan Stanley cuts its oil price forecasts as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand increase the risk of a surplus. The bank lowered its third-quarter 2026 Dated Brent forecast by $15 to $75 a barrel, analysts Martijn Rats, Charlotte Firkins and Amy Gower said in a note dated Monday. Prices are set to drop further by the third quarter of next year, to $70.
Morgan Stanley Cuts Oil Forecasts on Fast Return (ORG) Hormuz Flows Energy Morgan Stanley Cuts Oil Forecasts on Fast Return (ORG) Hormuz Flows Morgan Stanley (ORG) the Strait of Hormuz (LOCATION) US (LOCATION) Chinese (ORG) Brent (ORG) Martijn Rats (PERSON) Charlotte Firkins (PERSON) Amy Gower (PERSON)
Originally published by Bloomberg Markets Read original →

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