Morgan Stanley Cuts Oil Price Forecasts After US-Iran Peace Deal
· 2 sources
EnergyNow.com reports Morgan Stanley lowered its oil price forecasts after a US-Iran peace deal, while Bloomberg notes falling oil prices and bond yields.
What happened
EnergyNow.com reports that Morgan Stanley has lowered its oil price forecasts following a peace deal between the United States and Iran.
Separately, Bloomberg reports that falling oil prices and bond yields are giving investors some relief.
The sources provided do not include the new forecast levels or the specific terms of the agreement.
Context
Investment banks regularly revise their commodity forecasts as geopolitical developments change expectations for supply and demand.
Why it matters
Lower oil forecasts from a major bank may matter for energy-linked assets and for broader views on inflation and interest rates, though the sources do not detail such effects.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$367.27Fair range: $330.54 to $403.99The price ($187.10) is 49.1% below that figure.
Chance of a rise in 1 month
50%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $176.02 and $199.08; 9 in 10, between $157.83 and $222.03.
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