[Morgan Stanley Lowers Oil Price Forecast, Warns of Global Oversupply Risk] According to Golden Finance, on June 30, Morgan Stanley lowered its oil price forecast for the second time in about two weeks. This adjustment comes as oil transportation through the Strait of Hormuz has resumed faster than expected, while strong U.S. supply exacerbates the risk of oversupply. Analysts including Martijn Rats stated in a report that the average spot price of Brent crude oil is expected to be $75 per barrel in the third and fourth quarters, down $15 and $5 from previous forecasts, respectively. Oil price forecasts for all four quarters of next year have also been revised downward, with prices expected to drop to $70 by the end of 2027.