3 Morgan Stanley Expects Oil To Hit $35 In A Few Weeks: Here’s Why

Tuesday, August 9, 2016
By Paul Martin

by Tyler Durden
Aug 9, 2016

Morgan Stanley’s Adam Longson confirmed overnight that he isn’t going to change his bearish oil call any time soon, with a warning that “very little has been addressed fundamentally to correct these problems. Greater headwinds lay ahead, especially for crude oil. In fact, we would argue that recent price action and developments may have exacerbated the situation.” Putting a number to his call: oil will slide to $35 in the next 1-3 months.

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