Morgan Stanley analysts predict an increase in the cost of Brent oil to $100 per barrel by the third quarter of this year. Earlier, experts expected the price to rise to $90 per barrel. The bank also assumed that global oil reserves will continue to decline by the end of 2022 after a significant drop in the previous year. At the same time, the reserve capacity in the world will also decrease to 2 million b/s from the current 3.4 million b/s. Investments in increasing capacity in the oil sector will also decrease (by about 30% by the end of the decade), as the market's attention will switch to «green» initiatives. The current Brent quote is $87 per barrel. Yesterday, oil prices fell to the level of $85.80 after the release of data on energy reserves in the United States. According to the Ministry of Energy of the country, commercial oil reserves increased by 515 thousand barrels last week to 413.81 million barrels. Gasoline inventories increased by 5.87 million barrels and amounted to 246.62 million barrels. Distillate stocks decreased by 1.43 million barrels to 127.95 million barrels. Experts, on the contrary, expected a decrease in crude oil reserves by 1.75 million barrels, an increase in gasoline reserves by 2.6 million barrels and a drop in distillate reserves by 1.3 million barrels.
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