Oil prices dropped sharply in 2025 and traded near the $55 support zone, where oversupply, peaking U.S. production, soft demand, and bearish technical patterns suggest further downside into 2026.
The downtrend line and the 50-day EMA are both causing a bit of a barrier, and now that we have shown signs of exhaustion, I'm fine with shorting this.
Geopolitical risks, shifting supply pressures and key moving averages guide crude oil sentiment as traders assess WTI trends and short-term volatility.
Oil prices climbed on Friday after the U.S. ordered increased economic pressure on Venezuelan oil shipments and carried out airstrikes against Islamic State militants in northwest Nigeria at the request of Nigeria's government.
Oil edged higher in the morning Asian session amid geopolitical tensions.
A bullish weekly reversal puts crude oil on a path toward $59 resistance, yet failure near key averages could reinforce the broader downtrend without further confirmation.
Natural gas and oil prices stall during the Christmas shutdown as geopolitical risks, falling US rigs, and key resistance levels shape the near-term outlook.
WTI oil rebounded from $55 on holiday-thinned liquidity and geopolitical risks, while natural gas held a bullish structure above $2.60 amid a weakening U.S. Dollar Index.
Crude oil futures stall at the 50-day average as U.S. growth, Venezuela tensions, and rising inventories shape the short-term outlook for traders.
Helima Croft, global head of commodity strategy at RBC Capital Markets, joins CNBC's 'Squawk on the Street' to discuss oil prices, the impact of geopolitical tensions on energy markets, and more.
BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of 2027.
Oil slipped in early Asian trade. Prices were likely to remain volatile, with moves dominated by geopolitical developments, Kudotrade said.