Morgan Stanley warns of global oil glut, cuts outlook on Hormuz
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Morgan Stanley warns of global oil glut, cuts outlook on Hormuz
(June 30): Morgan Stanley cut oil forecasts for the second time in about two weeks as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand raise the risk of a glut. Dated Brent — a benchmark for physical transactions — is expected to average»»»
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