Tianfeng Securities Forecasts Brent Crude Oil at $70–$75 Per Barrel in H2 2026

According to Tianfeng Securities, on July 16, the investment bank forecasts Brent crude oil to trade in the $70–$75 per barrel range during the second half of 2026. The forecast follows a volatile first half marked by geopolitical risks that drove oil prices to near $120 per barrel before a sharp decline. Despite recent tensions around the Strait of Hormuz, the market's pricing logic is shifting from extreme geopolitical risk toward a balance of tail risks, political intervention, and fundamentals.
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