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Oil prices fall 2% as Chinese demand worries linger

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Morgan Stanley point to 7 uncertainties for oil in 2023

November 25, 2022 12:32 PM EST

Morgan Stanley analyst Martijn Rats told investors in a note Friday that there are seven uncertainties for oil in 2023, and the firm's balance points to slight oversupply until the end of 1Q but a return to equilibrium in 2Q and a deficit in 2H23.

He explained that much depends on seven key uncertainties, which include the aviation recovery, China's re-opening, EU embargo on Russian oil, diesel tightness,... More