# Morgan Stanley cuts Brent crude price view as market signals demand softness

> 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.

- Date: 2024-09-09 · published 2024-09-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28480-morgan-stanley-cuts-brent-crude-price-view-as-market-signals-demand-softness
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A bearish crude outlook from a major bank reduces expected energy costs and weakens the biofuel margin support for soybean oil and palm oil.

## Read by commodity

- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/morgan-stanley-cuts-brent-crude-price-view-market-signals-demand-softness-2024-09-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.