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Morgan Stanley lowered its Brent crude price forecast, citing softer seasonal demand after summer. The bank expects OPEC and non-OPEC supply to rise in the fourth quarter and into 2025.
A bearish crude outlook from a major bank reduces expected energy costs and weakens the biofuel margin support for soybean oil and palm oil.
reuters.comSep 9, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
