Morgan Stanley raises its near-term Brent forecasts as geopolitical risk premium likely persists for a period, still expects prices to soften to USD 60/bbl later in 2026
Morgan Stanley's upward revision of near-term Brent price forecasts highlights the market's ongoing sensitivity to geopolitical tensions, which are deemed likely to sustain a risk premium.
US Secretary of War Hegeseth is reported to meet Anthropic's CEO on Tuesday, according to Axios citing sources; meeting will be "tense", related to terms for military use of Anthropic's Claude
Chevron (CVX) announces an agreement for Iraq's West Qurna 2 oil field
Morgan Stanley raises its near-term Brent forecasts as geopolitical risk premium likely persists for a period, still expects prices to soften to USD 60/bbl later in 2026
[ANALYSIS] Trump imposes 15% temporary tariffs under Section 122
[MARKET ANALYSIS] Precious metals shine amid uncertainty from tariffs and US-Iran tensions
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However, the expectation of a price softening to around USD 60/bbl by 2026 suggests that while immediate risks are recognized, a return to lower valuation levels is anticipated, indicating potential volatility ahead in the energy sector.
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