Morgan Stanley Raises Near-Term Brent Forecasts

Feb 4 (Reuters) - MORGAN STANLEY:

• IN NOTE DATED FEB 3, RAISES NEAR-TERM BRENT FORECASTS AS THE GEOPOLITICAL RISK PREMIUM LIKELY PERSISTS FOR A PERIOD, BUT EXPECTS PRICES BELOW $60/ BBL LATER THIS YEAR,

• MORGAN STANLEY RAISES BRENT PRICE FORECAST TO $62.6/BBL IN Q126

• SAYS SUPPLY OUTAGES IN KAZAKHSTAN, US, AND VENEZUELA TIGHTENED JANUARY BALANCES BUT ARE LIKELY TO RESOLVE IN COMING WEEKS, LEAVING THE FUNDAMENTAL OUTLOOK INTACT