Morgan Stanley raises near-term Brent forecasts as geopolitical risk premium is likely to persist, but expects prices to fall below USD 60/bbl later this year
Morgan Stanley's upgrade of near-term Brent forecasts indicates elevated geopolitical risks are sustaining prices, reflecting a shift in market sentiment.
Iran is to announce major structural and administrative decisions in the defence sector to respond to new threats, Iran's Noor News reports
[MARKET ANALYSIS] Precious metals continue to rebound with spot XAU returning above USD 5k/oz
Morgan Stanley raises near-term Brent forecasts as geopolitical risk premium is likely to persist, but expects prices to fall below USD 60/bbl later this year
Panasonic's (6752 JT) CFO says that personnel reduction is likely to extend to 12k
Ukrainian peace negotiators have arrived in Abu Dhabi and have started their first meetings, IFX reports
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However, their expectation for prices to dip below USD 60/bbl later this year suggests a possible normalization in supply-demand dynamics, which could impact inflation expectations and related FX markets. Traders should monitor how sustained geopolitical tensions influence this outlook and the broader commodity landscape.
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