With demand recovering quicker than expected, Morgan Stanley is expecting Brent crude to trade at $40 a barrel by the end of 2020, according to OilPrice.com.
Demand is expected to rebound to around 97 million barrels per day by Q4 has global economies begin to emerge from lockdown. Some analysts are optimistic, saying the oil market could even drop into undersupply by the end of the year.
Some, however, fear that the world will never return to pre-virus oil demand.
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