What's In Store For Morgan Stanley's Oil Merchandising Unit After Failed Rosneft Deal?

While oil prices have seen a sharp decline over recent months, the fall is expected to reverse in the short-term - allowing the oil merchandising business to book considerable profits on the existing difference between the spot price of oil and the price of oil futures over coming months. If Morgan Stanley looks for a new buyer, then it can expect a much higher price for the business compared to what it had agreed for with Rosneft last year.