Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
1 July 2025 | Oil

Morgan Stanley forecasts Brent crude at $60 per barrel by 2026

Brent
WTI Light Crude Oil
Morgan Stanley forecasts Brent crude at $60 per barrel by 2026

Analysts at Morgan Stanley project that Brent oil prices will reach $60 per barrel by early next year. This price move is anticipated as the fuel market stabilizes and geopolitical risks subside, especially after the de-escalation of Iran-Israel tensions. 

The report also highlights a steady rise in energy supplies from non-OPEC+ countries, which could lead to an overproduction of at least 1 million barrels per day. According to the bank estimates, this surplus should be sufficient to meet global demand growth.

Despite OPEC+’s recent production cuts, market projections indicate a potential oversupply of 1.3 million barrels per day in 2026. 

Although Morgan Stanley has recently raised its oil price forecasts due to escalating tensions in the Middle East, increased OPEC+ output continues to pressure fuel prices.

Elena Berseneva MarketCheese

Recommended

United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 562 to 563
18 June
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 433
18 June
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -0.801M to -1.606M
17 June
United States. Crude Oil Inventories. The value of the indicator has decreased from -7.227M to -8.263M
17 June
United States. API Weekly Crude Oil Stock. The value of the indicator has increased from -9.119M to -8.33M
16 June
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 June
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
18 June
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
17 June
United States. Retail Sales (MoM). The value of the indicator has increased from 0.4% to 0.9%
17 June
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.1%
17 June
All news

Forecasts

GBPUSD sell
Period: 03.07.2026 Expectation: 2000 pips
Selling GBPUSD as BoE kept rates unchanged
Indicators and reports FA Other Hot news Chart analysis
19 June 2026 38
Reed_Marcus
Brent sell
Period: 26.06.2026 Expectation: 500 pips
Brent crude plunges deeper amid US-Iran peace deal
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
19 June 2026 36
Lyra_Moonwell1
AUDCAD buy
Period: 19.07.2026 Expectation: 1000 pips
Invest in AUDCAD up to 1.00000
Indicators and reports FA Other Hot news Chart analysis
19 June 2026 21
Sinclair_John
Gold sell
Period: 30.06.2026 Expectation: 13000 pips
Gold sell-off targets $4,000
TA Other FA Other
19 June 2026 38
McCarthy_Raymond
ETHUSD buy
Period: 31.12.2026 Expectation: 11000 pips
Invest in Ethereum if it breaks through $1,850
TA Other FA Other
19 June 2026 17
Bruce_Powers
USDCAD buy
Period: 26.06.2026 Expectation: 1150 pips
USDCAD hits 14-month highs on resilient US economy
Technical analysis Indicators and reports FA Other Indicators Fundamental analysis
19 June 2026 19
Emily_Foster
Go to forecasts