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Stock impact report

UPDATE 1-Goldman Sachs still sees crude prices falling after OPEC+ deal [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Reuters
UPDATE 1-Goldman Sachs still sees crude prices falling after OPEC+ deal (Adds details on Goldman price outlooks for this year and next, and Morgan Stanley price forecasts) April 12 (Reuters) - Goldman Sachs said on Sunday that oil prices would continue to fall in the coming weeks, reasoning that a “historic yet insufficient” deal by major oil producers to cut output is unlikely to offset a coronavirus-led demand rout. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, said they had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June to stem a slump in prices. The bank saw downside risks to its short-term oil price forecast of around $20 per barrel for Brent, but projected the global crude benchmark would outperform U.S. oil because OPEC+ producers’ exports would likely fall, freeing up floating storage space. Even with core-OPEC members fully complying with the cuts, and 50% compliance by all other countrie Show less Read more
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