Morgan Stanley lifts its Brent price forecasts as far out as H2-2027
Newsquawk Staff ·
USD/bbl
- Q2-2026 110.00 (prev. 80.00)
- Q3-2026 90.00 (prev. 70.00)
- Q4-2026 80.00 (prev. 65.00)
- H1-2027 70.00 (prev. 65.00)
- H2-2027 70.00 (prev. 65.00)
What it means
Morgan Stanley's upward revision of Brent price forecasts indicates a stronger bullish sentiment on oil prices, particularly with substantial increases in 2026 projections. This shift suggests expectations of tighter supply conditions or heightened demand potential, impacting not just oil markets but also inflation and currency dynamics related to commodity-linked currencies. Traders should consider how these revised levels might influence related asset classes such as WTI and emerging market currencies reliant on oil revenues.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue
- [MARKET ANALYSIS] Crude benchmarks off highs after the Ras Tanura-related upside; Saudi alerts continue, OPEC+ seen holding December output
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