The oil is not out of the woods yet

Oil prices started the week with a gain after falling to a three-year low, with analysts largely unanimous that the bearish factors outweighed the bearish, regardless of their actual weight. Some even believe that prices will fall further before a correction begins. Morgan Stanley, for example, revised down its fourth-quarter Brent crude forecast to $75 a barrel from $80 a barrel. Swedish financial major SEB agrees, with its chief commodity analyst also putting the Brent average at $75 a barrel, in…