MORGAN STANLEY RAISES NEAR-TERM BRENT FORECASTS AS GEOPOLITICAL RISK PREMIUM LIKELY PERSISTS FOR A PERIOD, BUT STILL EXPECTS PRICES TO SOFTEN TO $60/BBL LATER THIS YEAR

Feb 23 (Reuters) - Morgan Stanley raised its near-term Brent forecasts, saying that the geopolitical risk premium is likely to persist for a period, but added that it still expects prices to soften to $60 per barrel later this year.

The bank now sees Brent at $62.5/bbl in the second quarter of this year, compared with $57.5/bbl previously. It also raised its third-quarter forecast to $60/bbl from $57.5/bbl earlier.


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