| Oil prices have risen in four out of the past five sessions since dipping under $40 a barrel last week. Morgan Stanley’s research team led by energy strategist Adam Longson says not to get too comfortable. “Fundamental oil issues have not been addressed,” he says. “Physical oil markets likely need to get worse before they get better.”
“Physical market stress due to fundamental headwinds is still ahead. A profit-taking and short-covering bounce in oil late in the week (partly on a US gasoline draw driven by lower imports) has led some to declare that the troubles in oil are behind us...............................................Full Article: Source
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