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Crude Oil Price Outlook – Crude Oil Drops Again on Friday
Published: Oct 10, 2025, 14:31 GMT+00:00
The crude oil market fell in the early part of the Friday session, as the markets continue to see selling pressures overall. At this point in time, the market continues to focus on the lack of demand and oversupply.
WTI/CL Technical Analysis
The crude oil market has found itself plunging again here early in the trading session on Friday. So, looking at this, I think you’ve got a situation where traders are going to continue to see this as a market that is making every bit of effort to break to the downside. We have a big H pattern here. If we break down below $60, then you have a move, I think, at least to the $56 level.
Ultimately, I think there are a lot of things going on at the same time that are negative, not the least of which will be an oversupply of crude oil and of course a concern about slowing economic growth. A treaty in the Middle East at least calms things down a bit, although truthfully, I don’t think that’s been a main driver for a while, but all of these things added up, of course, will continue to have an influence. If we do rally from here, I think you’re just looking for rallies that show signs of weakness to start selling into on a wick or something to that effect.
Brent Technical Analysis
Brent markets find themselves challenging the $64 level. If they break down below there, then it’s very likely that Brent continues lower, perhaps down to the $60 level. Crude oil looks miserable at the moment overall, and I think that is going to continue to be the case. So, with this, I just think you’re looking for opportunities to get short, but they’re probably short-term opportunities. I would anticipate the market eventually breaking down, but in the meantime, I think it’s going to remain very choppy with a downward bias.
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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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