Summer Oil Spike Looms, Morgan Stanley Strategist Alerts Morgan Stanley’s oil strategist, Martijn Rats, cautions that investors might be surprised by a significant oil price rally this summer. This warning follows a recent increase in oil prices, driven by concerns over supply disruptions after drone attacks on Russian refineries and optimism that the Federal Reserve might lower interest rates, potentially boosting demand. As of midday in London, Brent crude for May delivery climbed to $83.23 a barrel, and West Texas Intermediate (WTI) for April was up at $78.95, indicating a bullish trend in the market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Real Estate: Shocking Data READ MORE Affordability Crisis Hits Feminine Care: Sales Drop as Prices Surge READ MORE HSBC Breaks New Ground with Tokenized Gold Offering READ MORE Gold's Market Share: "As Irrelevant As A Pimple On An Elephant's Behind" – Rick Rule READ MORE Complete Guide To Buying Gold & Silver READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment