Morgan Stanley forecasts a slower pace of oil stockpile accumulation in the coming months, signaling a gradual tightening of the supply-demand balance in global oil markets. Despite this moderation in inventory growth, the investment bank maintains its Brent crude price outlook at $65 per barrel for the near term.
Analysts at Morgan Stanley highlight that while global economic uncertainties and geopolitical risks continue to weigh on oil demand, recent supply adjustments and production discipline by key producers are expected to support prices. The bank notes that slower stockpile builds reflect improving demand fundamentals, especially in major consuming regions.
“Our outlook reflects a cautious optimism as markets balance supply-side constraints with demand recovery challenges,” the report states. Morgan Stanley emphasizes that Brent crude prices around $65 are sustainable given current market dynamics, barring significant shocks.
Investors and market watchers will closely monitor upcoming inventory data and production decisions from OPEC+ members to gauge the trajectory of oil prices in the months ahead.
