Morgan Stanley cut oil forecasts for the second time in about two weeks as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand raise the risk of a glut.
Geopolitics Bloomberg Jun 30, 2026
Morgan Stanley Warns of Oil Glut and Cuts Forecasts on Hormuz
Morgan Stanley cut oil forecasts for the second time in about two weeks as flows through the Strait of Hormuz return faster than expected, while strong US supply and weak Chinese demand raise the risk of a glut.
