MORGAN STANLEY RAISES BRENT CRUDE PRICE FORECAST FOLLOWING OPEC+ DECISIONS

Brent Crude Price Forecast Increased: Morgan Stanley raised its forecast for Brent crude prices in the second half of 2025 to $70 per barrel (up from $66–$68).
Reason for Increase: The bank expects a smaller surplus in the oil market due to better balance between supply and demand.
OPEC+ Decision: OPEC+ decided to delay planned production increases until April, focusing on stabilizing the oil market.
Goal: These measures aim to reduce global oil surpluses and support oil prices.