By: Benzinga
July 03, 2013 at 11:17 AM EDT
Morgan Stanley' Sees Brent Oil Prices Continuing to Climb in Summer Months
In a research note early Wednesday, Morgan Stanley's Adam Longson lowered his 2013 Brent oil forecast slightly from $110/barrel to $107/barrel. Longson still sees Brent oil prices moving upward for this summer season as demand outpaces a subdued supply base. The analyst also cited enduring geopolitical risks adding a "little premium"
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