Key Points
Morgan Stanley expects international oil prices to hit $100 per barrel by the third quarter this year, the firm’s chief commodity strategist Martijn Rats told CNBC.
Rats said that while surging inflation is often a bad omen for stocks, it has historically been great for commodities.
“Commodities provide good inflation protection. They’ve done so once again over the last 12 to 18 months,” he added.
Rats said that while surging inflation is often a bad omen for stocks, it has historically been great for commodities.
“Commodities provide good inflation protection. They’ve done so once again over the last 12 to 18 months,” he added.
