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WTI Crude Oil Price Forecasts. Morgan Stanley Raised WTI Price Forecast To 62.50/bb in Q2 2021 from USD 52.50, and to $67.50 for Q3 2021

Hedge funds increased bullish bets on WTI to the highest level since May 2011, according to the U.S. Commodity Futures Trading Commission.

Brent crude steadied around three-month highs on Thursday, supported by expectations the Federal Reserve will keep its stimulus programme to aid the U.S. economy, while a sharp decline in crude inventories lifted U.S. oil to near 16-month peaks.