Morgan Stanley Lifts Oil Forecast After OPEC+ Output Hike Pause

Morgan Stanley raised its near-term forecast for crude oil prices following OPEC+’s decision to pause production hikes.

The Wall Street bank said on Monday it was lifting its Brent estimate to $60 a barrel for the first half of 2026, up from $57.50. The Organization of the Petroleum Exporting Countries and its allies said on Sunday that they plan to halt output increases in the first quarter of next year, the first pause since they began restoring halted supplies in April.