Adam Longston

In a pair of new reports, analysts at Morgan Stanley and Credit Suisse take a close look at the unpredictable global oil market. WTI oil prices nearly doubled from their 2016 low of $26.05/bbl back in February to their 2016 high of $51.67 in June. However, since the June peak, prices slumped as low...

Crude oil prices have been on a tear since hitting 13-year lows near $26/bbl back in February. However, with WTI now trading above $42/bbl, Morgan Stanley sees very little upside remaining for now. At the Dubai Commodities Conference, analyst Adam Longston argued that the recent oil rally was...

The most recent Baker Hughes rig counts last week showed a week-over-week increase of 19 U.S. rigs and 8 Canadian rigs. However, Morgan Stanley analyst Adam Longston argues that oil investors should take little comfort in rising rig numbers. Lagging Indicator According to a new Morgan Stanley...