Morgan Stanley: Oil Prices Will Hit $100 Next Quarter

Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the first quarter of 2023 to $100 from $95 per barrel. “Brent will find its way to $100 per barrel quicker than we estimated before,” the investment bank said in a note carried by Reuters after OPEC+ decided on Wednesday to make the largest nominal cut to its oil production quota since 2020.   OPEC+ agreed on a 2-million-bpd cut from November, but the actual reduction in supply from the…