# Morgan Stanley lifts Q3 Brent crude oil forecast on geopolitical risk

> Morgan Stanley raised its third-quarter Brent forecast by $4 per barrel to $94. The bank cited OPEC supply restraint, downside to Russian output, and seasonal demand growth.

- Date: 2024-04-09 · published 2024-04-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30899-morgan-stanley-lifts-q3-brent-crude-oil-forecast-on-geopolitical-risk
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A higher forecast signals expected tightness in crude, which tends to support energy costs and biofuel-linked vegetable oil demand.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-11-03 | [Morgan Stanley lifts H1 2026 Brent forecast to $60 on OPEC+ pause, Russia sanctions \| Reuters](https://feedsoft.ai/events/22139-morgan-stanley-lifts-h1-2026-brent-forecast-to-60-on-opec-pause-russia.md) | -2.4% | -2.5% |
| BRENT | 2024-04-03 | [BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks \| Reuters](https://feedsoft.ai/events/30900-bofa-hikes-2024-oil-forecasts-on-tighter-supply-geopolitical-risks-reuters.md) | +2.8% | -0.3% |
| BRENT | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.5% | +0.1% |
| BRENT | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.5% | +5.9% |
| BRENT | 2026-05-22 | [Brent’s $100 Forecast May Understate the Risk of a Tighter Oil Market \| Investing.com AU](https://feedsoft.ai/events/19433-brent-s-100-forecast-may-understate-the-risk-of-a-tighter-oil-market-investing.md) | -11.3% | -23.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/morgan-stanley-lifts-q3-brent-crude-oil-forecast-geopolitical-risk-2024-04-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.