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Crude Oil Price Outlook – Crude Oil Continues to Struggle
Published: Aug 19, 2025, 13:40 GMT+00:00
The crude oil markets look soft on Tuesday as we continue to see a lot of problems with the massive amount of supply being pumped into the markets are the moment. The market continues to look at the lack of demand as an issue as well.
WTI/CL Technical Analysis
The light sweet crude oil market has fallen a bit during the early hours here on Tuesday, as we are breaking below the $62 level as I record this. We formed a bit of a hammer during the Monday session and if we break down below there, I think the market’s in trouble, probably dropping to the $60 area. Ultimately, crude oil just can’t seem to catch a bit and hang on to it.
So, I think a drift lower is probably what we’re about to see. Despite the fact that I also believe sooner or later we will bounce pretty significantly. But the biggest problem of course is that Russia, the United States and OPEC are all pumping oil out as rapidly as possible, thereby flooding the market with supply, which has been driving prices down.
Brent Technical Analysis
Brent markets aren’t quite as bad, but they are getting close to trying to break down below support at the $65 level. If they do, then I anticipate that Brent eventually goes looking to the $62.50 level. If we can turn around and rally from here, you could stay in consolidation with the $67 level offering resistance. If we can get above the $67.50 level, then maybe, just maybe, we have a shot at going a bit higher. As things stand right now, though, oil looks like a miserable place to be bullish. I think short-term back and forth trading continues to be the main action here in the Brent markets.
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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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