Morgan Stanley Lifts H1 2026 Brent Forecast to $60 on OPEC+ Pause, Russia Sanctions

Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 a barrel from $57.5, citing the decision by OPEC+ to pause quota hikes in the first quarter of next year and recent U.S. and EU sanctions on Russian oil assets. The bank expects a “substantial surplus” in the … Read more