<p>Global oil demand will take until the last quarter of 2021 to recover to its 2019 levels as countries emerge slowly from the coronavirus crisis, Morgan Stanley said on Wednesday.</p>.<p>"The demand recovery will be somewhat muted, and we could see some structural changes to people's behaviour," Morgan Stanley's head of oil research Martijn Rats told reporters.</p>.<p>The Wall Street bank expects benchmark U.S. oil prices to stabilise at around $40 a barrel and Brent crude prices to steady at around $45 a barrel next year.</p>
<p>Global oil demand will take until the last quarter of 2021 to recover to its 2019 levels as countries emerge slowly from the coronavirus crisis, Morgan Stanley said on Wednesday.</p>.<p>"The demand recovery will be somewhat muted, and we could see some structural changes to people's behaviour," Morgan Stanley's head of oil research Martijn Rats told reporters.</p>.<p>The Wall Street bank expects benchmark U.S. oil prices to stabilise at around $40 a barrel and Brent crude prices to steady at around $45 a barrel next year.</p>