Published: 24 November 2025,06:33
Daily Market Analysis New
*Price Weakness Persists: Brent and WTI have struggled to sustain rallies due to a firm dollar, rising U.S. inventories, and soft global demand signals.
*Supply Still Moderates Risk: OPEC+ production cuts and coordination with non-OPEC producers provide structural support, but unexpected output from other regions keeps prices contained.
*Demand Concerns: Slowing industrial activity and weaker manufacturing trends in major economies are weighing on near-term consumption expectations.
Market Summary:
Crude oil has experienced modest softness over the past several days amid a firming dollar, rising U.S. inventories, and mixed demand signals. Brent and WTI have both struggled to sustain rallies despite ongoing geopolitical risk and OPEC+ production discipline, highlighting the market’s sensitivity to macroeconomic and inventory data.
Supply factors remain structurally supportive. OPEC+ production cuts and coordination with major non-OPEC producers help limit downside risk, yet unexpected output from other regions or indications of oversupply have restrained price advances. Analysts continue to monitor both official and commercial inventory reports closely, as they remain a key driver of short-term sentiment.
On the demand side, indicators of slowing industrial activity in key economies and weaker-than-expected global manufacturing signals have raised concerns over near-term consumption. This has contributed to a cautious stance among traders, keeping oil prices range-bound despite geopolitical headlines.
Overall, the market currently exhibits an asymmetric bias: prices are more prone to short-term downside unless demand accelerates or a supply disruption emerges. Investors are likely to adopt a tactical approach, balancing supply risks against demand uncertainty while closely monitoring OPEC+ communications and inventory releases.
Technical Analysis
USOIL, H4:
USOIL continues to trade near the lower boundary of its consolidation range, with price holding just below the key 58.30 support level. After breaking out of the descending channel earlier in the month, the market has settled into a broad sideways structure, oscillating between 58.30 resistance and 57.00 support. This horizontal range reflects a period of compressed momentum as neither buyers nor sellers have been able to establish firm control, keeping the market in a neutral but vulnerable position.
RSI is currently sitting near 36, indicating persistent bearish pressure but not yet entering oversold territory. This suggests sellers remain active, though downward momentum is not extreme. The MACD sits below the zero line with red histogram bars, confirming bearish bias, but the signals remain relatively muted, reflecting a lack of strong trend conviction.
Resistance level: 58.30, 60.35
Support level: 57.00, 55.50
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