Crude Oil

During the final part of Q4 2024, WTI has remained within the $70 per barrel zone, fiercely resisting movements below this critical support.

See a preview of our full 2025 Crude Oil Outlook report!

Crude Oil Week Ahead: After OPEC’s fifth downward revision for 2024 oil forecasts and additional cuts for 2025, crude oil prices stabilized near their 4-year support zone, buoyed by China’s stimulus commitments and significant Middle East reforms. Will it hold on FOMC week?

Crude Oil, Gold Forecast: Following China’s commitment to a moderately loose monetary policy in 2025, demand sentiment for Chinese oil and gold has surged, pushing crude oil above $70 and gold above $2,700. Middle East tensions continue to reinforce support levels for these commodities as drastic regional developments unfold.

Crude Oil Week Ahead: The bearish outlook on oil prices for 2025 is colliding with significant Middle Eastern reforms. OPEC’s decision to extend its output cuts into 2025 has stabilized oil prices near their 4-year support zone, which will be tested this week by Chinese economic data, US inflation reports, and Middle East developments.

The lack of a more positive response after the OPEC+ meeting shows the market is disappointed and thus even lower oil prices could be the outcome. Our crude oil outlook remains modestly bearish, as before.

Crude Oil Outlook: With several challenges facing OPEC’s meeting today, crude oil’s 4-year support zone remains pivotal in determining its next move—will it result in a bearish breakout or a bullish reversal?

This could be a pivotal week for the crude oil. With key US economic data on the horizon and the OPEC+ meeting later this week to discuss oil production targets, market participants are bracing for significant developments.

Crude Oil Week Ahead: Crude oil faces volatility risks ahead of the OPEC meeting, now rescheduled for Thursday to accommodate all members and avoid a clash with the Gulf Summit. Sideways price movements persist, leaning towards a bearish bias for 2025.

Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.

Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.