MarketWatch
US · 1 hrs ago
✦ 72◉ Centre
A ‘race against time.’ Hormuz closure could push Brent to $150 by summer, warns Morgan Stanley.
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Accuracy 72/100
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◉ Centre ⚠ Misleading headline
Morgan Stanley warns that closure of the Strait of Hormuz could push Brent crude prices to $150 per barrel by summer, with analysts noting that current prices are being held back from even higher levels due to various market factors.
A ‘race against time.’ Hormuz closure could push Brent to $150 by summer, warns Morgan Stanley.
Crude is climbing to start the week as Morgan Stanley is warning that crude prices are being held at bay from much higher losses. But that could change.
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