Bearish crude oil outlook builds as supply fears, technical breakdowns, and soft U.S. demand weigh heavily on futures prices.
Francisco Blanch, head of commodities and derivatives research at Bank of America, discusses the power demand from artificial intelligence data centers which have sent wholesale electricity prices to
Rising OPEC+ supply, U.S. crude stockpiles, and fragile demand keep oil and gas markets volatile. Explore the full Natural Gas and Oil Forecast.
WTI crude oil faces bearish pressure, natural gas builds bullish momentum, and the US Dollar Index stays range-bound with a downside bias.
Rising gasoline inventories put additional pressure on oil markets.

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01:18pm, Wednesday, 01'st Oct 2025
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Crude oil looks to test a major support level in the early hours of Wednesday, as the market seems to be going back and forth between the idea of oversupply, and the possibility of demand strengthenin
Crude oil prices remain under pressure as OPEC+ production hikes and weak oil demand cloud the outlook, with key technical support barely holding.
WTI hovers near $62, Brent near $66 as OPEC+ debates output hikes. Natural gas stays bullish above $3.29, with RSI momentum nearing overbought.
Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of shrinking in
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More
Crude oil pulled back to retest key support near $62 but remains positioned for higher prices if buyers defend recent lows and confirm the bullish wedge breakout.
Exxon, Chevron and ConocoPhillips have all announced job cuts this year. Independent shale oil executives have given a grim outlook for the industry.
OPEC denied the reports about potential production hikes, but oil markets remained under pressure.

Big Oil Is Getting Leaner and Leaner

12:23pm, Tuesday, 30'th Sep 2025
Exxon is the latest large oil company to announce job cuts as the industry continues to adapt to lower oil prices.
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