Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
Over the last two trading sessions, WTI crude oil has once again displayed a notable bearish bias, with prices falling nearly 6%. Part of this renewed selling pressure has been driven by recent developments in the Middle East, which have helped temporarily ease the geopolitical tensions that had supported the oil risk premium in previous weeks.
Crude Oil Weekly Outlook: WTI crude oil remains supported above $80 as US inventories fall near yearly lows. Explore key technical levels and scenarios guiding oil prices.
Crude oil prices are rising as transport disruptions and geopolitical tensions replace traditional supply concerns as the main market driver. Razan Hilal, FOREX.com Market Analyst, explains why today's crisis differs from the 1973 oil embargo, how maritime security risks are reshaping energy markets, and why the $95–96 area could determine whether oil enters a new inflationary cycle or retreats as geopolitical risks ease.
These remain relevant sessions for WTI crude oil, which has recorded an increase of just over 14% on average over the last 5 trading sessions. This behavior indicates that the buying bias remains important in the short term.
Razan Hilal, FOREX.com Market Analyst, examines the crude oil outlook as renewed US-Iran tensions and attacks around the Strait of Hormuz lift WTI and Brent prices, while rising OPEC+ production and recovering Gulf exports continue to cap upside potential. She explains the key technical levels that could determine whether oil extends its rebound or resumes its broader downtrend into year-end.
Crude Oil Weekly Outlook: Broader crude oil oversupply risks continue to weigh on the recent 10%+ rebound in prices following the latest strikes near the Strait of Hormuz. While geopolitical tensions continue to support risk premiums, technical levels remain well respected and will be key in determining the next major move for WTI and Brent crude.
Crude oil prices have rebounded as renewed U.S.-Iran tensions and technical buying revive bullish momentum, but rising OPEC+ production and recovering Gulf exports continue to point to downside risks later this year. Razan Hilal, Market Analyst at FOREX.com, explains the key technical levels for WTI and Brent, why geopolitical risk premiums have returned, and what could determine the next major move in oil markets.
Crude oil continues to face difficult trading sessions in the short term. Over the last 5 trading sessions on average, WTI remains down close to -3.5%, with consistent movements below the 70-dollar area. This continues to highlight a selling bias that has remained in place for several weeks.
Crude Oil Weekly Outlook: Will attacks on Russian energy infrastructure offset oversupply risks? Key support, resistance, and price scenarios for oil this week.
Razan Hilal, FOREX.com Market Analyst, examines the U.S. Dollar Index, gold and silver as rising rate expectations and dollar strength push precious metals toward historically significant technical levels. She explains the key price zones that could determine whether gold and silver extend their declines or establish long-term buying opportunities, and why the next major move may depend on the direction of the U.S. dollar.
Crude Oil Price Forecast H2 2026: Crude oil prices have retraced sharply toward pre-war levels, falling more than 40% from their yearly highs and reviving early-2026 concerns that supply growth could outpace demand during the second half of the year.
