# Morningstar holds 2027 Brent forecast at $71/bbl as Persian Gulf supply recovers

> Morningstar DBRS kept its 2027 forecasts at $71/bbl for Brent and $68/bbl for WTI, and projected $66 and $63 for 2028. The agency expects Persian Gulf supply recovery and IEA and EIA data point to global production exceeding demand by 4-5 million b/d in 2027.

- Date: 2026-11-12 · published 2026-11-13T00:10:35.017Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/96621-morningstar-holds-2027-brent-forecast-at-71-bbl-as-persian-gulf-supply-recovers
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A forecast of easing crude prices into 2027 suggests lower energy costs ahead, which would reduce pressure on feed transport and processing margins over time.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-05-05 | [Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24851-barclays-cuts-2025-2026-brent-crude-forecast-as-opec-accelerates-output-hikes.md) | +4.3% | +6.8% |
| BRENT | 2025-10-20 | [Brent oil structure, physical markets reflect fears of supply glut \| Reuters](https://feedsoft.ai/events/22585-brent-oil-structure-physical-markets-reflect-fears-of-supply-glut-reuters.md) | +7.5% | +4.3% |
| BRENT | 2026-06-30 | [Economists Agree: 2026 Oil price forecasts lowered as Strait of Hormuz shipping improves – Reuters poll — Octa](https://feedsoft.ai/events/19001-economists-agree-2026-oil-price-forecasts-lowered-as-strait-of-hormuz-shipping.md) | -2.2% | +24.5% |
| BRENT | 2023-12-12 | [Oil falls more than 3% on softening demand, oversupply concerns \| Reuters](https://feedsoft.ai/events/32904-oil-falls-more-than-3-on-softening-demand-oversupply-concerns-reuters.md) | +3.3% | +2.3% |
| BRENT | 2025-04-28 | [Barclays cuts 2025 Brent crude forecast on trade tensions, OPEC+ shifts](https://feedsoft.ai/events/25323-barclays-cuts-2025-brent-crude-forecast-on-trade-tensions-opec-shifts.md) | -8.2% | -2.7% |
| WTI | 2025-05-05 | [Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24851-barclays-cuts-2025-2026-brent-crude-forecast-as-opec-accelerates-output-hikes.md) | +4.6% | +6.4% |
| WTI | 2025-10-20 | [Brent oil structure, physical markets reflect fears of supply glut \| Reuters](https://feedsoft.ai/events/22585-brent-oil-structure-physical-markets-reflect-fears-of-supply-glut-reuters.md) | +6.8% | +4.4% |
| WTI | 2026-06-30 | [Economists Agree: 2026 Oil price forecasts lowered as Strait of Hormuz shipping improves – Reuters poll — Octa](https://feedsoft.ai/events/19001-economists-agree-2026-oil-price-forecasts-lowered-as-strait-of-hormuz-shipping.md) | -3.1% | +17.1% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/news/55418528/morningstar-holds-2027-brent-forecast-at-71-bbl-as-persian-gulf-supply-recovers

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