Crude Oil

Against a backdrop of rising OPEC+ supply and the potential for increased non-OPEC supply growth, mainly in the US, the crude oil forecast remains modestly bearish.

Crude Oil Week Ahead: Crude oil retested its 2025 starting point, hovering near the key $72 support zone ahead of the first OPEC meeting of the year, next week's ISM PMI and Non-Farm Payrolls reports, and evolving energy policies under Donald Trump.

WTI crude has accumulated a loss of more than 8% in value since mid-January of this year.

Oil prices plunged more than 10% off the monthly high with WTI now testing critical support at the 2025 yearly open. A multi-timeframe view of the oil technical charts.

Crude Oil and Bitcoin Outlook: Weaker Chinese PMI data, coupled with bearish market momentum, erased nearly all of crude oil’s 2025 gains. Meanwhile, Bitcoin remains resilient above the $100,000 mark, awaiting the developing impact of the markets and new SEC policies.

The WTI barrel has already recorded five consecutive sessions of losses, with a depreciation of more than 5%.

Crude Oil, Nasdaq Analysis: While oil’s future remains shaped by overproduction and sanction risks, Nasdaq’s trend reflects haven momentum, driven by the tech sector’s resilience and continuous advancements.

With China’s improving economic conditions, demand concerns have reduced and in the short-term there is little risk of an oil glut forming, but the slightly longer term outlook is a bit murky with the potential for another supply war to emerge between US shale and OPEC+ producers.

Crude Oil Forecast: Crude oil trends entered 2025 on a positive note, driven by holiday traffic and China’s commitments to economic stimulus and rising oil demand expectations. Despite Trump’s bearish oil agenda, China’s economic metrics remain a focal point in 2025, following its significant contribution to OPEC’s supply quota restrictions in 2024.

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.