Brent Oil Is Stressed, Not Broken, by War, Morgan Stanley Says

Middle East war-driven stress is producing huge premiums for prompt physical oil barrels, according to Morgan Stanley. The firm notes the wider Brent complex remains orderly while near-term real-world barrels command elevated premiums, signalling tighter physical supply and greater short-term price volatility in the oil market.

Analysis

Middle East war-driven stress is producing huge premiums for prompt physical oil barrels, according to Morgan Stanley. The firm notes the wider Brent complex remains orderly while near-term real-world barrels command elevated premiums, signalling tighter physical supply and greater short-term price volatility in the oil market.