Public Event Detail
Morgan Stanley maintains oil price forecasts and predicts slow recovery in supply
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2026-04-13XOMExxon MobilAlpha Vantage Newsguidance
Event summary
Morgan Stanley has kept its Brent crude oil price forecasts unchanged, expecting $110 a barrel for Q2 2026 and $100 for Q3, declining to $80 in 2027. The bank anticipates a slow recovery in oil supply chains, taking months to normalize even with a Strait of Hormuz reopening. This comes as oil prices climbed back over $100 per barrel due to potential restrictions on Iranian oil exports through the Strait.
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