Deutsche Bank lowers its forecast for Brent crude oil prices in the fourth quarter to $80

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Jinshi data news on August 23, according to a report by Morgan Stanley, as demand slows after the summer, both OPEC and non-OPEC supplies will increase from the fourth quarter, Morgan Stanley expects the balance between supply and demand to become weak, and it will turn into a surplus by 2025. Morgan Stanley expects the Brent oil price in the fourth quarter to be lowered by $5 to $80 per barrel. In addition, the expected oil prices for the four quarters of 2025 have also been lowered, with the price expectations for Q1 to Q4 being adjusted to $78, $77, $76, and $75, respectively (previously expected to be $81, $79, $77, and $76). The bank also lowered its global demand rise expectation from 1.2 million barrels per day to 1.1 million barrels per day.

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