- Morgan Stanley on Monday cut its first-quarter 2022 Brent crude price forecast to $82.50 per barrel from $95 on market expectations that the Omicron coronavirus variant could turn into a major headwind for oil demand.
- Oil rebounded by almost 5 percent on Monday to $76 a barrel as some investors viewed Friday’s more than 10 percent slump in oil on concern about the Omicron coronavirus variant as overdone.
Morgan Stanley cuts Q1 2022 Brent oil forecast on Omicron risks
