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Morgan Stanley First to Revise Oil Price Forecast After OPEC+ Update
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Why This Matters
Morgan Stanley increased its Brent crude oil price forecast for 2026 to $60 per barrel, up from $57.50, after OPEC+'s decision to pause production increases in early 2025. This revision, the first since the OPEC+ meeting, signals confidence in future oil prices due to OPEC+'s production management.
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Article Context
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Morgan Stanley raised its price forecast for Brent crude for 2026 to $60 per barrel from $57.50 following OPEC+’s decision to pause production hikes over the first three months of next year. This was the first oil price forecast revision after the Sunday meeting of the oil-producing group, which also produced one last output hike of 137,000 barrels daily for December. “Even if the OPEC announcement does not change the mechanics of our production outlook, it does send an important signal,” the bank’s analysts said in a note,…
Original article published by
OilPrice.com
on November 3, 2025.
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