Morgan Stanley raised its price forecast for Brent crude for 2026 to $60 per barrel from $57.50 following OPEC+’s decision to pause production hikes over the first three months of next year. This was the first oil price forecast revision after the Sunday meeting of the oil-producing group, which also produced one last output hike of 137,000 barrels daily for December. “Even if the OPEC announcement does not change the mechanics of our production outlook, it does send an important signal,” the bank’s anal ...