Crude Oil Futures Forecast: 12.6% Rally by September 27
Crude Oil Futures are forecast to rebound +12.6% from $70.75 on July 5 to $79.64 by September 27 as the recent collapse in geopolitical risk premium appears overextended. With US–Iran détente, Hormuz shipping normalization, and export surges largely priced in, the market is positioned for a recovery rally as traders reassess the durability of new supply flows and persistent strait-related risk.