Oil stock price forecast remains favorable after U.S. weekly crude inventories dropped by 3.2 million barrels. This supply draw lends support to upstream producer valuations, as reflected in improved forward guidance. Numerous analysts, including those from Raymond James and TD Securities, continue to assign Outperformer or Buy ratings. This is attributed to Tourmaline Oil’s robust track record of operational excellence and reliable execution. - Markets grapple with uncertainty ahead of Trump-Putin summit, where a ceasefire could ease supply concerns The oil stock price forecast curve shows backwardation, indicating stronger near-term demand than later delivery months. This favors short-term plays in spot-related energy equities over long-term holdings.