Reported about 14 hours ago
Morgan Stanley reports that despite a rapid increase of 235 million barrels in global oil inventories over the past five months, with most builds occurring in the Asia-Pacific, oil prices have remained stable. Analysts noted that while the overall inventory has surged, key pricing regions like the OECD have seen limited increases, posing the question of market tightness. As summer demand wanes, a significant surplus is expected, yet the OECD stockpiles may only rise modestly. Brent price forecasts are maintained at $65 in Q4 2025.
Source: YAHOO