Loading…
Morgan Stanley raised its first-half 2026 Brent forecast to $60 a barrel from $57.50, citing OPEC+'s decision to pause quota increases and Russia sanctions. The bank expects the market to balance by the second half of 2026.
A higher bank forecast signals expectations of firmer crude prices as OPEC+ supply growth stalls. This supports energy costs for feed and biofuel-linked demand, though the change is modest.
reuters.comNov 3, 2025After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
