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Crude Oil Price Outlook – Crude Oil Rallies in Early Friday Hours
Published: Sep 12, 2025, 14:13 GMT+00:00
The crude oil market continues to see buyers on dips, as it looks like we are trying to find some kind of floor in this market. Oil has a few different issues to worry about, as the oversupply issues and of course the idea of a slowing economy are things to think about.
WTI/CL Technical Analysis
The light sweet crude oil market initially tried to dip below the $62 level during the trading session here on Friday but then turned around to show signs of life again. By doing so, the market looks as if it is going to continue the overall sideways action, with the 50-day EMA at $64.41 offering a bit of a ceiling and, of course, the $62 level offering support.
So, with that being said, the market is likely to continue to go back and forth in this general vicinity. And that does make a certain amount of sense because quite frankly, I think a lot of people don’t know what to do with the economic situation and projecting demand for crude oil, especially as Russia, OPEC and the United States pump out massive amounts of crude oil.
Brent Technical Analysis
The Brent market initially pulled back, only to show signs of strength as we are now testing the 50-day EMA. Breaking above the 50-day EMA opens up the possibility of a move to higher levels, perhaps the $70 level. At this point in time, it looks like the $65 level is going to continue being support. Ultimately, I think we’re in the midst of trying to form a bottom. Whether or not we can remains to be seen, but I do think you have a situation where we are looking at this through the prism of wait and see for a bigger move in the short term. It does look fairly well supported.
For a look at all of today’s economic events, check out our economic calendar.
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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