• Home
  • Morgan Stanley Doesn’t See Gulf Tension Leading to a Sustained Jump in Oil Prices
As oil price went up by 2% today after Iranian seizure of a UK oil tanker, Morgan Stanley said that it does not expect the tension near the Strait of Hormuz to lead to a sustained increase in oil prices. Morgan Stanley’s global oil strategist Martijn Rats told CNBC “There is a difference in the oil market this time around because non-OPEC is simply growing so fast. That is the real game changer and that’s why the price action is relatively benign,”

Morgan Stanley Doesn’t See Gulf Tension Leading to a Sustained Jump in Oil Prices

As oil price went up by 2% today after Iranian seizure of a UK oil tanker, Morgan Stanley said that it does not expect the tension near the Strait of Hormuz to lead to a sustained increase in oil prices.

Morgan Stanley’s global oil strategist Martijn Rats told CNBC “There is a difference in the oil market this time around because non-OPEC is simply growing so fast. That is the real game changer and that’s why the price action is relatively benign,”

Subscribe
Subscribe to Receive Latest Updates from GIF.