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Morgan Stanley raises near-term Brent crude forecasts on geopolitical risk premium

ReutersFeb 23, 2026 10:00 AM

- Morgan Stanley raised its near-term Brent forecasts, saying that the geopolitical risk premium is likely to persist for a period, but added that it still expects prices to soften to $60 per barrel later this year.

The bank now sees Brent at $62.5/bbl in the second quarter of this year, compared with $57.5/bbl previously. It also raised its third-quarter forecast to $60/bbl from $57.5/bbl earlier.

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