Morgan Stanley: This Is What a World Without Oil Looks Like

Very different.

Are Oil Prices Poised to Rally Later This Year?

Much ink has been spilled over the leakage of collapsing crude prices into wider markets.

A note from Morgan Stanley analysts led by Chief Cross-Asset Strategist Andrew Sheets demonstrates the degree to which the fortunes of the energy sector are currently driving stocks and bonds, while emphasizing that the correlation is "overstated."

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