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      Morgan Stanley Increases Oil Price Forecasts for 2023 and Beyond

      Morgan Stanley has significantly revised its oil price forecasts, raising its fourth-quarter projections for Brent crude to $100 per barrel, up from a previous estimate of $75. The forecast for West Texas Intermediate (WTI) has also been increased to $96 from $76.

      Looking ahead, Morgan Stanley anticipates Brent prices will reach $95 per barrel and WTI $91 in the first quarter of 2027. For the second quarter of 2027, the forecasts are set at $90 for Brent and $86 for WTI.

      In a separate survey conducted by The Wall Street Journal, major banks predict that the average price for Brent crude in 2026 will be $83.81 per barrel, while WTI is expected to average $78.79. These prices are projected to decline in 2027, with Brent averaging $71.22 and WTI $67.33.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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