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 FBI Alerts Public to 'Courier Scam' Targeting Seniors' Life Savings READ MORE Gold Surges as Weak US Jobs Data Fuels Rate Cut Expectations READ MORE Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Gary Shilling: The U.S. Economy Still Faces a Recession Risk READ MORE Morgan Stanley Warns: Digital Currencies May Challenge US Dollar's Reign READ MORE Add a Comment Cancel replyYour email address will not be published.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