Morgan Stanley Raises Brent Forecast to $94, Goldman Sachs Lifts WTI to $88
MSMS•
Morgan Stanley boosted its 2026 Brent oil price target by $4 to $94 per barrel, while Goldman Sachs increased its 2026 WTI outlook by $3 to $88 per barrel, citing tightened supply and recovering demand.
1. Updated Price Targets
Morgan Stanley raised its 2026 Brent oil price forecast by $4 to $94 per barrel, while Goldman Sachs lifted its 2026 WTI outlook by $3 to $88 per barrel.
2. Supply-side Constraints
Both banks cited OPEC+ production cuts as a key driver tightening global crude supply, supporting higher price expectations.
3. Demand Recovery
Analysts pointed to stronger-than-anticipated Chinese crude imports and resilient post-pandemic demand in developed markets as factors underpinning upward revisions.
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