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Oil drops as US inventory stockpiles build in the USWest Texas Intermediate (WTI), the U.S. crude oil benchmark, is trading around $63.02 during Friday's afternoon Asian session, extending its decline for a third straight session. The pressure comes amid mounting concerns over the U.S. economic outlook, excess oil supplies, and ongoing uncertainty around the Federal Reserve's stance on interest rate cuts. US crude inventories posted a sharp decline last week as net imports fell to a record low and exports climbed to their highest level in nearly two years. Data released by the US EIA on Wednesday showed that crude oil stockpiles in the US for the week ending September 12 fell by 9.285 million barrels, compared to a rise of 3.939 million barrels in the previous week. Nonetheless, a larger-than-expected rise in distillate stockpiles, which increased by 4 million barrels versus predictions of a 1 million barrel increase, raised worries about demand in the world's top oil consumer and undermined the WTI price for three days in a row. From e technical perspective, the broader structure remains defined by a horizontal range, with WTI contained between $65.00 on the upside and $61.50 on the downside since early August. A sustained break above the upper boundary could unlock room toward $67.00-68.00, whereas a drop below $61.50 would expose the $60.00 psychological level and potentially shift momentum back in favor of sellers. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
TVC:USOILShort
by Blueberry
Crude Oil: Bearish FVG in Play Amid ConsolidationFenzoFx—Crude Oil is trading at $64.18, slightly below the bearish fair value gap. The sweep of yesterday’s lows suggests potential for a test of higher resistance. Immediate support is at $63.80. If this level holds, Oil may fill the bearish FVG and test resistance at $65.00. A break above could extend gains toward $66.50. However, if price declines and stabilizes below $63.80, the bullish outlook is invalidated. In that case, the downtrend may resume, targeting the equal lows at $62.20.
CFI:WTI
by FenzoFxBroker
Oil’s rebound looks temporary amid various supply and demand prOil’s rebound looks temporary amid various supply and demand pressures. Technical View USOIL is currently rebounding from the support at 61.50, breaking above the previous swing high, while moving within a sideways range between 61.50 – 66.00, which should only be a short-term consolidation. However, the broader trend remains bearish, as seen from series of lower swings, bearish EMAs, and the two-year Descending Channel. Once the consolidation phase ends, prices are likely to break below the lower bound downward. So, the current rally in USOIL is expected to be only a short-term rebound, with resistance at 66.00 and at the upper bound of the descending trend channel just above 70.00. On the downside, if USOIL falls below the lower bound of the sideways range at 61.50, it may retest the support at 55.00, the lowest point in 4.5 years, which if breaks, the prices could fall lower below 50.00. Fundamental View At present, oil prices are rebounding due to Fed easing expectation, which supported risk assets, while the weaker dollar is also helping to lift oil prices, which look like sentiment driven, not a solid fundamental. Therefore, this recovery is likely only short-lived because, in the longer term, there are various pressures to the price: Supply-side pressures : Increased production from OPEC+ and non-OPEC countries has led to an oversupply in the oil market. For example, U.S. production at 13.4–13.6 mb/d covers most domestic needs, changing the country's positioning to a net exporter. Demand-side pressures : Global oil demand is slowing, particularly from China, amid sluggish global economic recovery and even recession risks in some regions, which have reduced overall energy consumption. Growing investment in renewables and the gradual adoption of electric vehicles signal a structural transition that is likely to weigh on oil demand over the long term, reinforced by legislative bans on internal combustion engines in several countries. Policy shifts from the US government also aim to push oil prices lower in order to control inflation. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
TVC:USOILShort
by KrisadaYoonaisil
WTI Crude upside resistance at 6540The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend. Key resistance is located at 6540, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 6540 could confirm the resumption of the downtrend, targeting the next support levels at 6200, followed by 6070 and 6000 over a longer timeframe. Conversely, a decisive breakout and daily close above 6540 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6650, then 6830. Conclusion: The short-term outlook remains bearish unless WTI Crude breaks and holds above 6540. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
Crude Oil Monthly Forecast: September 2025 The West Texas Intermediate Crude Oil market has been rather negative during the month of August, but at the end of the month we saw the market bounce roughly 50% of the move, and as I do this analysis at the end of the month, we are sitting at a crucial level. This does make a certain amount of sense, because there are a lot of questions right now about where the global economy is going. Crude Oil and the Economy Keep in mind that crude oil is extraordinarily important for most economies, and of course the transportation of goods and services. In other words, crude oil will rally in times of economic growth but also will struggle in times where growth is extraordinarily limited. That’s the question we find ourselves trying to answer at the moment, and this may be part of the reason why we are hanging around and trying to sort out where we are going next. Another major problem at the moment is the fact that Russia, OPEC, in the United States are all ramping up production, which of course will drive down price as supply is getting to be too much. Between that and the possibility of the global economy slowing down, this could be a very bad sign for crude oil. This isn’t to say that we need to fall apart, just that it might be extraordinarily difficult for oil to get a bit of a bid at the moment. Ultimately, I think the $65 level continues to be an area of interest, as the price has acted like a magnet more than once. If we can rally from here, somewhere around the $60 level I would expect to see a lot of resistance. On the other hand, if we drop from here, I think somewhere around the $60 level there should be significant support. Anything below would be an extraordinarily negative sign. I believe we are trying to find some type of range, perhaps between the $62 level and the $67 level, but we will have to wait and see how that plays out. Either way, I would anticipate choppy and basically sideways action for the month.
BLACKBULL:WTILong
by Nadia_farhat
WTI long or short?Personally i don't see the short becuase we are on a huge buying range, which means that if the market really wants to go down will have to work. Not only that but also they already tried to push the market down that the process failed when buyers stepped in around the 62s. Anyway, on 4h im seeing how the first time that it got to 62 the buyer appeared aggresively and the second time they literally stopped the market from continue falling. According to what i have said, it is possible to project potential purchases once it breaks 64.192 however, we have to be sure that it is a high quality brea (all the mases can see it and are already in) After that, it is as simple as waiting for a shakeut (wait until they have created liquidity and reclaimed 64.192) after that the market is very likely to go to 65.349. if im correct, i will cover at least 60-70% or more because ill be going against a huge wall and we might still be on AB or already an internal process of D. Lets see
PEPPERSTONE:SPOTCRUDE
by XMONCAYOX8
Oil gains amid geopolitical risks, supply outlookOil gains amid geopolitical risks, supply outlook Oil rose in early trade as markets weighed rising geopolitical tensions against forecasts of oversupply. Trump warned of major sanctions on Russia and urged allies to impose steep tariffs on China and India for buying its crude, while Ukraine’s drone strikes on Russian refineries added to risks. Goldman Sachs expects oil to trend lower next year on strong supply growth but says prices may rebound sooner if inventories peak or OPEC cuts output. The bank now sees Brent in the low $50s and WTI near $50 by end-2026.
FOREXCOM:USOILShort
by ProfessorSingapore
USOIL Trade Insights📢 NFX Trade Update – FX:USOIL USOIL (WTI-USD) Strong rejection at the 23.6% Fibonacci resistance, with price dropping exactly as expected, confirming the liquidity grab setup. A textbook SMC play. We anticipate further downside on Oil. Our trade is active, and for those who entered around $64.10 (per the last video analysis), you’re already sitting on +350 pips in profit. Looking ahead, I expect price to drop below the EIA entry level and potentially test the $62/barrel zone before Friday’s market close.
GBEBROKERS:USOILShort
by niclaxfx
USOIL Trade Setup📢 NFX Trade Alert – Swing Setup 💹 Instrument: FX:USOIL Crude Oil (WTI-USD) 🛒 Trade Type: Swing – Sell at Market 📍 Entry: $63.50 ⛔ Stop Loss: $64.00 ✅ Target Profit: $60.50 Analysis: Crude Oil turned bearish after failing to hold above the $64.00 resistance. The latest EIA Crude Oil Inventories report (Sep 10, 2025) showed a +3.939M build versus a forecasted -1.900M draw and a previous +2.415M, signaling weaker demand and oversupply pressures. This aligns with the current technical setup: lower highs forming and supply pressure weighing on price action. A rejection around $63.50 opens room for continuation to the $60.50 support zone. Risk remains tight with a stop above $64.00, maintaining a favorable risk-to-reward profile.
GBEBROKERS:USOILShort
by niclaxfx