Oil heading towards $20 a barrel, warns Morgan Stanley

Oil heading towards $20 a barrel, warns Morgan Stanley

Oil’s dismal start to the new year continued on Monday as prices plumbed fresh lows, with Morgan Stanley adding to a growing number of voices warning that prices could slide to $20 a barrel. Brent, the global oil marker, fell by more than $2, or 6 per cent, to $31.48 a barrel in late trading,…

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