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Morgan Stanley Rules Out Texas Oil Coming Back to $60 Soon.
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The Texas intermediate oil barrel will maintain a high global price trend and it will be "difficult" to return to the $60 barrier in the short term, according to Jim Caron, director of investments (CIO) at the Portfolio Solutions Group of Morgan Stanley Investment Management. In statements to the press during an event in New York, the analyst anticipated that the benchmark crude price in the United States will stabilize sustainably at around $80…
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