Morgan Stanley raises Brent forecast to $75/bbl by 3Q18

Reuters recently reported the key highlights from a Morgan Stanley report.

Morgan Stanley says oil market likely to remain undersupplied in 2018, keeping backwardation intact.

Morgan Stanley says raises Brent forecast to $75/bbl by 3Q18.

Morgan Stanley sees WTI prices at 62/bbl (versus $60/bbl previously) by 2019; Brent prices at 65/bbl (versus $63/bbl previously).

Morgan Stanley says "we forecast opec to continue to restrain output for most of 2018, broadly in-line with their recent agreement".