Oil stock price forecast sentiment is currently supported by

Oil stock price forecast sentiment is currently supported by rising refinery margins, up 4% month-on-month. Traders are hedging long positions in upstream stocks as the market approaches seasonal demand peaks. The Board of Directors has approved a new share buyback plan set to begin on August 7, 2025, which further signals an ongoing commitment to shareholder returns. However, traditional crude supply is expected to see only modest gains unless additional projects — many of which have yet to reach a final investment decision — move forward. Technical charts in oil stock price forecast indicate resistance at $79.20 for WTI and $83.40 for Brent. If prices close above these thresholds, breakouts could boost short-term gains in refining-focused equities.