Why do oil prices hold together despite the high stocks? Morgan Stanley reply

According to Morgan Stanley Bank, according to Morgan Stanley Bank, global oil has seen a rapid increase in recent months, but given that most of the rise in the Asia -Pacific region is concentrated. Analysts, including Martin Rats, wrote in a research note on July 15 that the total share jumped with approximately 235 million barrels during the five months ending in June, but only 10% of this increase was recorded in the countries of the Organization for Economic Cooperation and Development (OECD), the “decisive in the formation of prices”. Analysts asked an important question: “Does the oil market really suffer from scarcity? Or is it not despite the extensive expectations of a global surplus in supplies during the next seasons, the structure of oil prices in the near term – where the immediate prices exceed the future prices – reflects the existence of a real scarcity in the market. rise in the Pacific Ocean.