Tuesday, June 2, 2026
Morgan Stanley flags risk oil price rally will lead to a fall- oil and gas 360

Morgan Stanley flags risk oil price rally will lead to a fall

Reuters Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months. Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit

Brent crude will need to work through oversupply issues despite the OPEC+ output cut, says analyst

Brent crude will need to work through oversupply issues despite the OPEC+ output cut, says analyst

CNBC Brent crude needs to work through its oversupply issues before it can punch through its current price range of between $40 and $50 per barrel, according to Thom Payne, director at Westwood Global Energy Group. That’s despite the latest agreement by the Organization of the Petroleum Exporting Countries and its oil-producing allies to extend a historic oil production cut until the end of