Morgan Stanley bumps its oil price forecast higher, Q2 WTI now projected at US$62.50 (from 52.50)

Morgan Stanley have revised higher their forecasts for WTI oil prices:

• Q2 2021 to USD 62.50/bbl from USD 52.50
• Q3 to USD 67.50/bbl from USD 57.50
• Q4 to USD 62.50/bbl from USD 57.50

Brent:

• Q2 2021 to USD 65/bbl from USD 55
• Q3 to USD 70/bbl from USD 60
• Q4 to USD 65/bbl from USD 60