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Morgan Stanley just raised its outlook for oil prices to $100 per barrel by the 3rd quarter. Here's why

4 monthes ago   |   By Business Insider

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Morgan Stanley just raised its outlook for oil prices on the back of a "triple deficit" for the commodity.
The bank said it now sees Brent crude oil jumping to $100 per barrel by the third quarter of this year.
Brent crude dropped as much as 0.78% to $87.69 or barrel as of noon ET on Friday.
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Morgan Stanley on Friday raised its outlook for oil prices on the back of a "triple deficit" for the commodity - low inventories, low spare capacity, and low investment. A note from the bank's commodities strategist...
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