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 Inflation Shows Signs of Cooling Off, But Concerns Remain High READ MORE Pandora's Sustainable Shift: Embracing Recycled Precious Metals READ MORE Egypt's Bold Move: $1 Billion in Treasury Bills Launched READ MORE Sound Money Legislation Rapidly Gaining Traction in Many US States READ MORE Global Central Banks Begin Slow Shift to Rate Cuts Amid Varying Economic Conditions READ MORE Add a Comment Cancel replyYour email address will not be published.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