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Crude Oil Price Outlook – Crude Oil Continues to Look for Buyers on Wednesday
Published: Aug 20, 2025, 13:57 GMT+00:00
The crude oil market continues to see a lot of pressures, as the markets will be looking at the oversupply of oil from Russia, OPEC, and the United States as a major issue, in an environment that suggests that we could see growth struggle as well.
WTI/CL Technical Analysis
The light sweet crude oil market has rallied a bit during the trading session here in the early hours of Wednesday. That being said, we have taken back the losses from Tuesday, but we still have a long way to go to change the overall attitude here. I believe that the $65 level is going to be very difficult to break above any time soon, and we are nowhere near that. So, I anticipate that the light sweet crude oil market is one where people will be fading at the first signs of exhaustion.
I don’t necessarily think that we will collapse from here. I just think we’re going to try to find some type of range like we had been in during the month of April and the month of June. As there is plenty of supply, that continues to be a major issue for crude oil as OPEC, Russia and the United States are all just drowning the market in supply.
Brent Technical Analysis
Brent looks very much the same, although I’ll be the first to say Brent looks a little better than light sweet crude. So, it’ll be interesting to see what it does with the $68 level because if it can break above there, that would be a very bullish sign. But I think here we’re probably going to stay somewhat range bound as well. If we were to break down below the $65 level, that opens up fresh selling in this market, perhaps pushing it down to the $62.50 level. These markets do tend to move in the same overall direction. So that’s why, despite the fact that light sweet crude had a good opening to the Wednesday session, it looks a little bit soft, and I think that’s going to put a bit of a lid on what Brent can do.
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About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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