Morgan Stanley Warns $100 Oil and Rates Are Key Stock Risks
Brent crude climbed above $100 as Morgan Stanley warned that higher oil prices and interest rates are the main near-term risks to stocks. Its commodities strategist said the oil market’s earlier shock absorbers are fading and Brent could average $100 in the fourth quarter. Other remarks highlighted tighter refined fuels, while traders weighed an uncertain ceasefire outlook and continued supply disruptions.