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Morgan Stanley's pessimistic outlook on oil prices next year may need to be re-evaluated.
On December 19, Jinshi Data News, cracks appeared in Wall Street's pessimistic expectations for the oil market in 2025. Institutions such as McKinsey expressed doubts about the pessimistic forecasts for next year due to weaker production rise and tightening supply balance. McKinsey analysts, led by Vikas Dwivedi, stated in a report to clients that as 2024 comes to an end, crude oil inventories have only risen slightly, which was previously predicted to "increase significantly" earlier this year. In terms of supply, McKinsey expects OPEC+ not to restore production and US production will not rise significantly.