Expectation Morgan Stanley BankThe price of Brent crude will rise to $130 per barrel during the third and fourth quarters of this year, an increase of $10 compared to its previous estimates, due to a larger than expected deficit in supplies from Russia and Iran.
The bank also expected the oil supply deficit to continue to reach regarding one million barrels per day in 2022.
And “Morgan Stanley” raised its estimates of the daily losses in the production of crude oil and Russian oil derivatives to two million barrels, from one million barrels previously, due to the widespread boycott of it.
