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 Historic $72 Million Coin Auction Set a Century After Magnate's Will READ MORE Post-Biden Exit: Markets Seek Direction from Earnings and Economic Indicators READ MORE India's Gold Market: ETFs and Central Bank Buying Shine Amid Jewelry Slump READ MORE U.S. Deficit Skyrockets in December: A 52% Surge to $129 Billion READ MORE U.S. Labor Market Cools, Sparking Economic Concerns for Fed Officials READ MORE Add a Comment Cancel replyYour email address will not be published.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