Brent WTI crude futures recovered somewhat Tuesday after falls in the prior session, but with limited upside apparent in a well-supplied global market. Brent crude for June delivery was up 13 cents at $107.85 a barrel on ICE Futures Europe. WTI crude for June delivery was up 14 cents at $99.62 a barrel on the New York Mercantile Exchange. Morgan Stanley says a bearishness is likely to continue, in a climate of high supply and refinery maintenance. “Non-OPEC supply growth remains elevated, while turnarounds and returning supply from Brent crude oil outages should keep price action muted in [the second quarter],” they wrote in a note to clients. “However, fundamentals turn more bullish in [the third quarter],” they wrote, as maintenance season ends at refineries and they require more crude. The other factor exerting downward pressure on prices continues to be Libya, and its promised return […]