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Morgan Stanley’s commodities chief sees oil prices hitting $100 per barrel this year

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January 28, 2022
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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.

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