TD Cowen raises oil forecasts and sees gains for Canadian producers as WCS discounts widen
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- TD Cowen has raised its oil price forecasts and identified opportunities among Canadian producers, as persistent Middle East supply risks and strong refining margins support cash flows, while widening discounts on Canadian heavy crude highlight the need for…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHigher WTI price assumptions amid Middle East supply risks support energy producers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01TD Cowen raised WTI assumptions to 85 dollars for 2026, 78 for 2027 and 72 for 2028.
- 02Its long-term forecast stays at 65 dollars per barrel.
- 03Renewed US-Iran hostilities and Strait of Hormuz risks increase volatility.
- 04Wider Canadian heavy crude discounts highlight the need for more pipeline capacity.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Canadian Natural Resources Limited—Stale quotePositive Cenovus Energy Inc.—Stale quotePositive Suncor Energy Inc.—Stale quotePositive Imperial Oil Limited—Stale quotePositive Crude Oil WTI—Stale quotePositive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets