Brent Oil Price Trends Upward Amid Positive Market Signals

Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated decline of 0.8 million barrels.
RoboForex | 360 days ago

By RoboForex Analytical Department

Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated decline of 0.8 million barrels. This marks the longest stretch of inventory reductions since last September, underscoring a robust demand for oil.

Fueling the market optimism further, recent comments from Federal Reserve representatives suggest an imminent rate cut, with a 98% market expectation for this to occur in September. Lower interest rates typically stimulate economic activity, thereby boosting demand for oil.

Geopolitical tensions also play a role in the current price dynamics. Reports of renewed attacks by Hussite forces on vessels in the Red Sea have raised concerns about potential disruptions in oil supplies, prompting the market to add a risk premium to oil prices.

Brent technical analysis

Brent crude oil has shown a growth wave reaching 84.42. A consolidation range has been established around this level. If the market breaks above this range, we anticipate a move towards 86.10, which is the immediate target. After reaching this target, a retest of 84.42 could occur, potentially setting the stage for further growth towards 87.70 and possibly extending to 90.00. The MACD indicator supports this bullish outlook, indicating an upward trajectory from below the zero mark.

The market has found support at 84.42 and is progressing through a growth phase with an expected target at 86.10. We anticipate this target will be reached shortly, followed by a correction phase returning to 84.42. This view is supported by the Stochastic oscillator, which is nearing the 80 level, suggesting a potential pullback after the target is met.

Investors and traders should closely monitor these levels and the broader market context, including geopolitical developments and further signals from the Federal Reserve, as these factors will likely influence Brent's price movements in the near term.

Disclaimer

Any forecasts contained herein are based on the author's particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

read more
Gold: Is the latest bounce sustainable?

Gold: Is the latest bounce sustainable?

Gold crosses above 3,355 resistance as tariffs threats return. Short-term bias is positive but key obstacles still lie ahead. Support at 3,300–3,325 critical for downside risk.
XM Group | 1h 25min ago
Trump announces tariffs on Mexico and EU

Trump announces tariffs on Mexico and EU

Dollar gains as Trump continues his tariff threats - Traders could pay extra attention to tomorrow’s US CPI data - Wall Street indices slide, gold rises amid risk-off mood - Bitcoin hits a fresh record high as ‘Crypto Week’ begins
XM Group | 1h 55min ago
USD/JPY Extends Gains as Market Monitors US Tariff Policy

USD/JPY Extends Gains as Market Monitors US Tariff Policy

The USD/JPY pair climbed to 147.42 on Monday. Early in the session, the yen staged a partial recovery from last week’s losses amid heightened global trade risks, but the rebound proved short-lived as the currency resumed its downward trajectory.
RoboForex | 3h 22min ago
Gold Shines as Trade Tensions Rise

Gold Shines as Trade Tensions Rise

On July 14, global markets turned risk-off after President Trump revived tariff threats targeting the EU and Canada. Gold surged past $3,350 on safe-haven bids, while USD/CAD spiked near 1.3700. EUR/USD rebounded toward 1.1700, and NZD/USD slid below 0.6000 ahead of key Chinese trade data. GBP/USD remained pressured around 1.3500 amid Brexit silence.
Moneta Markets | 4h 6min ago
ATFX Market Outlook 14th July 2025 

ATFX Market Outlook 14th July 2025 

Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1. Wall Street ended lower on Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.
ATFX | 6h 30min ago
ATFX Economic Calendar- 2025.07.14 - 2025.07.18

ATFX Economic Calendar- 2025.07.14 - 2025.07.18

The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.
ATFX | 6h 47min ago