Morgan Stanley's Sharma Sees `Long Winter' for Commodities

Updated on
  • Brent oil prices will range from $35 to $70 for `many years'
  • Producers maintaining output as weak currencies keep costs low

The commodities bear market may last for many years, with oil dropping as low as $35 a barrel, as production cuts haven’t been sufficient to wipe out the global surplus, according to Morgan Stanley Investment Management Inc.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.