Recent Oil Crash Is The Worst In Over 30 Years: Morgan Stanley

Oil might be called black gold, but right now the price of crude oil is less than half what it was just over a year ago. Moreover, according to a July 21st report from Morgan Stanley Research, things could get worse, possibly much worse, before they get better.

Morgan Stanley analyst Martiijn Rats and colleagues read the tea leaves and argue that despite increased demand due to the low price of oil, oil prices could well drop further due to constantly increasing oil production from OPEC...

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