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January 13/2016

Morgan Stanley Is Latest Addition to Oil Doomsayers

Morgan Stanley has become the latest addition to the group of institutions that expect oil to fall further, namely, to $20 a barrel.

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However, the investment bank’s analytical team that made the prediction in a research note quoted by Bloomberg, don’t blame the market imbalance for the drop. They blame the expensive US currency, which is is dampening demand from anyone operating in another

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oil, Brent, WTI, price, US dollar, currency, Morgan Stanley
 

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