BRIEF-Morgan Stanley Lowers 2027 Brent Forecast To $75/Bbl In 1H27 And $70/Bbl In 2H27

Morgan Stanley

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June 30 (Reuters) - MORGAN STANLEY:

LOWERS 2027 BRENT FORECAST FROM $80/BBL TO $75/BBL IN 1H27 AND $70/BBL IN 2H27
NOW MODELS A 4.8 MB/D IMPLIED OIL MARKET SURPLUS FOR 2027
SEES BRENT TRADING AT $120/BBL IF STRAIT IS RE-CLOSED FOR LONG ENOUGH
SEES BRENT TRADING AT $60/BBL IF OPEC+ COHESION FRAYS FURTHER AND THE FULL 4.8 MB/D IS ALLOWED TO BUILD

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