ECONOMY


Morgan Stanley cuts long-term Brent price view

Baku, July 3, AZERTAC

An American multinational investment bank and financial services company Morgan Stanley lowered its long-term Brent price forecast on Tuesday, according to Reuters.

The bank lowered its long-term Brent price forecast to $60 per barrel from $65 per barrel, while it expects prices for the global benchmark to fluctuate around $65 per barrel, from $67.5 per barrel previously, in the next three quarters.

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