Morgan Stanley has lifted its near-term outlook for Oil – Brent Crude, citing a sustained geopolitical risk premium that is keeping prices above earlier projections. The bank now anticipates Brent at $62.50 per barrel in the second quarter versus $57.50 previously, though it still forecasts a retreat toward $60 later in the year as supply-demand conditions normalize.
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Over the past month, Oil – US Crude has advanced about 8.24%, while Brent has gained roughly 8.64%, reflecting stronger risk premiums and improved sentiment toward energy. From a short-term perspective, both U.S. crude and Brent currently show a 1-day technical signal of Buy and Buy, respectively, indicating bullish momentum despite expectations for moderating prices later this year.
Investors can explore more updates, prices, and analysis across global markets at Commodities.