Morgan Stanley slashes forecast on oil price

Baku. 9 January. REPORT.AZ/ Morgan Stanley has slashed its forecast on oil prices for 2019 by $7-7.5.

Report informs referring to foreign media that according to the forecast, the Brent crude will be sold at $58 in the first quarter, $60 in the second quarter, $62.5 in the third quarter and $65 in the fourth quarter, down 7.5% from the previous forecast.

Along with this, Morgan Stanley forecasts WTI crude price at $49 in January-March, $52 in April-June, $55 in July-September and $58 in October-December.

According to the experts, Brent crude price will be $65 in 2020, WTI crude price - $58.