Oil demand around the world will not return to the pre-virus levels of 2019 until the fourth quarter of 2021, as countries will be slowly emerging from the lockdowns and the economic recession, according to Morgan Stanley. In addition, the post-coronavirus world could see some lasting structural changes in consumer behavior, Martijn Rats, head of oil research at Morgan Stanley, told Reuters . “The demand recovery will be somewhat muted, and we could see some structural changes to people’s behaviour,” Rats told reporters. Analysts argue that oil demand is not set to stage a quick V-shaped recovery as restrictions and lockdowns will be eased gradually, while many economies will be in recession this year. According to Morgan Stanley, WTI Crude prices are set to stabilize in 2021 at levels around $40 per barrel, and Brent Crude prices could be around $45 per barrel. According to the International Energy Agency’s […]