Morgan Stanley has revised its Brent crude oil price forecasts downward, citing factors such as the faster-than-expected reopening of the Strait of Hormuz. The financial institution's report from June 29th details reductions for various quarters in 2026 and 2027, with prices now projected to be between $70 and $75 per barrel. Separately, the Chinese primary market has seen a shift in private placement financing for listed companies, with a decrease in projects involving sole subscriptions by major shareholders and an increase in those including other institutional investors. AI
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