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Crude Oil Price Outlook – Crude Oil Drops Early on Thursday
Published: Sep 11, 2025, 12:59 GMT+00:00
The crude oil market continues to see a bit of noisy trading, as the markets are continuing to see a lot of questions about the supply of oil, as OPEC, Russia, and the United States are all pumping out massive amounts of petroleum.
WTI/CL Technical Analysis
The light sweet crude oil market had a bit of negativity attached to it during the trading session here on Thursday as we continue to struggle overall. You could, at least in theory, come up with the idea that we are in the midst of trying to form a little bit of a double bottom right at the $62 level. This is an area that’s been important in the past as a fulcrum for price, so it does make a certain amount of sense.
Any rally at this point in time, I think, is probably short-lived, and we already are trying to do that. The 50-day EMA is currently at the $64.48 level and dropping. I think that does offer a little bit of resistance. Anything above there, then opens up the possibility of the $66 level being targeted. If we were to break down below the $62 level, then it is possible we go looking at the $60 level.
Brent Technical Analysis
The Brent market continues to travel in the same pattern that it has for several weeks as we are pulling back from the 50-day EMA yet again. All things being equal, this is a market that I think is trying to get back down to the $65 level, but we’ll have to wait and see how that plays out. If we were to break above the 50-day EMA, then it could open up and move toward the $70 level, which of course is a large, round, psychologically significant figure, an area that has been resistant and an area that is now attracting the 200 day EMA. It’s difficult to imagine that oil is ready to break out anytime soon. So, I think we’re just going to see this sideways kind of emptiness of consolidation.
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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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