TD Securities forecasts Brent crude oil will maintain a $90-$100 per barrel range due to regional conflicts, with long-term fair value expected to settle between $80 and $90 by 2028.
Brent crude is projected to maintain a higher-for-longer price regime driven by ongoing geopolitical instability in the Middle East, specifically involving Iran. TD Securities anticipates that once these conflicts subside, the fair value will stabilize in the $90-100/bbl range before gradually narrowing to $80-90/bbl by the second half of 2027 and 2028.
TD Securities estimates a fair value range of $90-100/bbl once Middle East conflicts conclude.
The fair value is expected to narrow to a range of $80-90/bbl by the second half of 2027 through 2028.
TD Securities analyst Ryan McKay projects Brent crude oil will sustain a higher-for-longer price regime driven by ongoing Middle East instability. The firm estimates fair value will hold between $90 and $100 per barrel before eventually narrowing to a range of $80 to $90 by the second half of 2027.
TD Securities expects Brent to trade between $90 and $100 per barrel in the near term, with a long-term adjustment to $80-$90 per barrel by late 2027.