CommoditiesMedium•13 October 2026•
1 min read
Morgan Stanley Raises Brent Crude Forecast to $105 for Q4 2026
Key Facts
1Morgan Stanley raised its Brent price forecast for Q4 2026 to $105 per barrel, up from $100.
2The bank attributes Brent's strength to high freight costs which favor short-haul crude grades over long-haul alternatives.
Morgan Stanley raised its Brent price forecast for the fourth quarter of 2026 to $105 per barrel, up from its previous estimate of $100. InvestingLive reported that the bank also increased its outlook for the first quarter of 2027 to $100 per barrel, representing a $5 upward revision from prior projections.
The bank attributes Brent's sustained strength to high freight costs, which favor short-haul crude grades over long-haul alternatives from the US, Brazil, and West Africa. Regarding financial sector performance, MS closed at $190.02 on October 12, 2026, while Goldman Sachs closed at $893.95 and Bank of America closed at $54.58 on the same date.