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Oil prices are going to $90 per barrel in the 2nd half of this year on the back of a 'triple deficit' for the commodity, Morgan Stanley says

2 days ago   |   By Business Insider

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Oil prices will continue to rise in the second half of 2022 on the back of a "triple deficit," Morgan Stanley said.
The bank sees the price of Brent crude oil hitting $90 per barrel by the second half of this year.
Brent crude hovered near two-month highs Wednesday, trading at $84.96 per barrel.
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Oil prices will continue to rise in the second half of the year on the back of a "triple deficit" - low inventories, low spare capacity, and low investment - that is pushing the cost of the commodity higher...
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