ICYMI – Morgan Stanley lifts 2026 oil forecast to $60 after OPEC+ output pause

Morgan Stanley has raised its short-term oil price outlook following OPEC+’s move to pause production hikes in early 2026, a decision that eased fears of oversupply.

• The bank now forecasts Brent crude to average $60 a barrel in the first half of 2026, up from its previous estimate of $57.50.

The revision reflects the view that output growth from the producers’ group has lagged far behind official targets. Morgan Stanley estimates OPEC+ added only 500,000 barrels per day between March and October this year, well below the pledged 2.6 million barrels, helping to stabilise market expectations around supply.

This article was written by Eamonn Sheridan at investinglive.com.