Morgan Stanley leaves their dated Brent forecasts unchanged; sees USD 110/bbl in Q2'26 and USD 100/bbl in Q3'26, before settling around USD 80/bbl in 2027

Morgan Stanley's decision to maintain its Brent crude forecasts suggests a stable outlook for energy prices in the medium term, with anticipated peaks at USD 110/bbl in Q2 2026 and USD 100/bbl in Q3 2026 before declining to USD 80/bbl by 2027. This stability in prices could reflect broader expectations around supply-demand dynamics and geopolitical factors, which might influence related sectors and currencies, particularly those of oil-exporting nations. Traders should watch for how these forecasts align with market reactions, especially in energy stocks and commodity-linked currencies.