Brent Crude Oil ($BRENT) Commodity Forecast: Up 0.0% Today

What is Brent Crude Oil?

Brent Crude Oil plays a pivotal role as a trading benchmark globally due to its classification as sweet light crude oil. Factors like geopolitical events, supply and demand dynamics, and OPEC+ decisions heavily influence the Brent Crude Oil market.

Why is Brent Crude Oil going up?

BRENT commodity is up 0.0% on Sep 2, 2025 13:00

• Brent crude oil prices saw a surge above $68 per barrel, led by concerns regarding supply disruptions amid the Russia-Ukraine conflict and potential secondary sanctions on Russia.
• This upward trend was bolstered by positive economic indicators from China, which pointed towards robust manufacturing activity and alleviated immediate demand concerns.
• However, the anticipation of a surplus in supply and less optimistic demand projections are limiting further price increases. Investors are keeping a close watch on the upcoming OPEC+ meeting to gauge decisions on output adjustments.
• The market's volatility persists as geopolitical tensions, such as India's response to US pressures regarding Russian oil purchases, continue to influence price fluctuations against the backdrop of a complex global supply and demand landscape.

BRENT Price Chart

BRENT Technical Analysis

BRENT News

Brent Extends Gain on Supply Disruption Concerns

Brent crude oil futures rose above $68 per barrel on Tuesday, building on gains from the previous session amid mounting concerns over supply disruptions. Traders are closely monitoring Russian crude flows following Ukrainian attacks on energy infrastructure, while European leaders call for secondary sanctions. Attention is also on India’s response to US pressure to halt Russian oil purchases. Prices found additional support from signs of economic resilience in China, a key oil consumer, where a private survey showed manufacturing activity expanded at its fastest pace in five months in August, easing some near-term demand concerns. Still, expectations of a supply surplus are limiting further gains, keeping a lid on the outlook. Investors are now looking ahead to an OPEC+ meeting later this week, where the producer group will decide whether to continue output increases beyond September.

Brent Prices Rebound

Brent crude oil futures rose to $67.8 per barrel on Monday, rebounding from earlier losses amid concerns over supply disruptions stemming from ongoing Russia-Ukraine conflict. Ukrainian President Volodymyr Zelenskiy on Sunday pledged to expand strikes deeper into Russian territory following drone attacks on Ukraine’s power facilities, raising fears of further disruptions to regional energy flows. Traders are also assessing whether India will yield to US pressure to end Russian oil purchases, after Washington imposed secondary tariffs on New Delhi last week. However, these geopolitical risks are being countered by a looming oversupply and weaker demand prospects. Investors await the OPEC+ meeting later this week, with accelerated output increases from the group raising the global supply outlook. While these additional supply have yet to fully reach the US, the world’s largest fuel market, the end of the summer driving season is already weighing on demand expectations.

Brent Falls on Supply Glut, Demand Concerns

Brent crude oil futures fell to $67.2 per barrel on Monday, extending losses from the prior session, amid concerns over a looming oversupply and weaker demand prospects. Investors await the OPEC+ meeting later this week, with accelerated output increases from the group raising the global supply outlook. Still, these additional barrels have yet to fully reach the US, the world’s largest fuel market, where the end of the summer driving season is already weighing on demand expectations. These concerns are offsetting geopolitical risk premium stemming from the ongoing Russia-Ukraine war and the potential for tighter US sanctions that could curb global flows. Traders are also assessing whether India will yield to US pressure to end Russian oil purchases, after Washington imposed secondary tariffs on New Delhi last week. Meanwhile, the upcoming SCO summit will also be closely watched, with Chinese President Xi, Russian President Putin, and Indian Prime Minister Modi all expected to attend.

Brent Falls on Weaker Demand, Ukraine Ceasefire Hopes

Brent crude futures dropped 0.7% to settle at $68.1 per barrel on Friday, as traders weighed weaker US demand and the possibility of a ceasefire in Ukraine. Attention is also on next week’s OPEC+ meeting, with accelerated output increases from the group raising the global supply outlook. However, these supply gains have yet to fully reach the US market, where the summer driving season is ending, fueling concerns over demand. Prices had risen earlier in the week following Ukrainian attacks on Russian export terminals, but reports of potential ceasefire talks eased some of that pressure. US crude inventories showed larger-than-expected draws, indicating ongoing demand in industrial and freight sectors. Geopolitical factors, including India’s continued purchases of Russian oil despite US tariff threats, remain under close scrutiny. Despite Friday’s decline, Brent posted its second consecutive weekly gain, though the benchmark recorded its first monthly drop in four months.

Brent Heads for First Monthly Drop in Four

Brent crude futures fell to around $67 per barrel on Friday, heading for the first monthly decline in four, even as prices remain on track for a second consecutive weekly gain. Oil has been supported by geopolitical tensions and supply concerns, with traders monitoring Ukrainian drone attacks on Russian export terminals and potential remarks from President Trump on tighter sanctions. However, prices were pulled lower by expectations of reduced US fuel consumption as the summer driving season ends with Labor Day, combined with concerns over a global supply glut following the IEA’s recent forecast that supply will outpace demand in coming quarters, and OPEC+ efforts to restore idled capacity. Meanwhile, investors are watching India’s response to US pressure on Russian oil imports, though analysts say shipments are still expected to rise in September, keeping the market outlook uncertain.

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Brent Crude Oil Price History

13.05.2025 - BRENT Commodity was up 6.4%

• Brent Crude Oil prices surged significantly by over 6-8% to reach around $73-$75 per barrel, hitting their highest levels since February, driven by escalating tensions in the Middle East, particularly after Israel's strike on Iran.
• Geopolitical concerns in the region, especially fears of supply disruptions due to potential retaliation from Iran near the critical Strait of Hormuz, fueled investor worries and supported the bullish sentiment in the oil market.
• Additionally, data indicating a larger-than-expected drop in U.S. crude inventories, along with softer U.S. inflation reinforcing expectations of Fed rate cuts, further contributed to the bullish momentum in Brent Crude Oil prices.
• The overall market sentiment remains influenced by geopolitical risks, supply-demand dynamics, and macroeconomic factors, shaping the trajectory of oil prices in the near term.

29.06.2025 - BRENT Commodity was up 3.5%

• Brent Crude Oil surged towards $71 per barrel, marking a significant increase driven by stronger-than-expected US economic data and escalating global supply risks.
• A notable ultimatum and sanctions added to market uncertainties and supported oil prices.
• Optimism surrounding trade agreements and ongoing trade talks between major economies also contributed to the bullish sentiment in the oil market.
• Summer demand and tight inventories continue to support oil prices, but concerns over a potential supply glut later in the year loom over the market as production levels may increase.

17.05.2025 - BRENT Commodity was up 5.6%

• Brent Crude Oil reached $73.5 per barrel, showing a strong bullish movement.
• The bullish trend is linked to increasing tensions between Israel and Iran. Israel's attacks on Iran's key energy infrastructure have raised concerns about potential disruptions to oil supplies from the Middle East.
• There were indications of Iran's interest in de-escalating tensions and resuming nuclear negotiations, leading to a brief pullback in oil prices. However, the market remains volatile due to the ongoing conflict.
• The Strait of Hormuz, a critical chokepoint for global oil trade, remains a point of concern. Possible disruptions in the strait pose a significant risk to oil prices in the near term.

17.05.2025 - BRENT Commodity was up 5.0%

• Brent Crude Oil surged over 4% to settle at $76.4 per barrel on Tuesday.
• The uptrend was mainly fueled by escalating tensions between the US and Iran, with US President Donald Trump's strong language and threats towards Iran's Supreme Leader Ayatollah Ali Khamenei raising concerns about supply.
• Israel's airstrikes on Iran and the potential for disruptions in energy flows and trade routes added to the market's edginess regarding a possible escalation in the conflict.
• Despite the price hike, analysts highlighted that the oil market has maintained stability due to robust global supply, including increased OPEC+ production and record US output. However, any move by Iran to block the critical Strait of Hormuz could propel prices above $100 per barrel.

23.05.2025 - BRENT Commodity was down 13.5%

• Brent Crude Oil experienced a strong bearish movement, dropping 7.2% to settle at $71.50 per barrel.
• The market reacted to easing fears of an immediate escalation in Middle East tensions following Iran's missile strike on a US airbase in Qatar, which resulted in no reported casualties.
• Despite the initial rally in oil prices due to geopolitical uncertainties, the pullback occurred as markets reassessed the risk of near-term disruption in oil supply, especially through the vital Strait of Hormuz.
• The potential de-escalation in the Middle East conflict and the market's reaction to geopolitical developments led to the significant drop in Brent Crude Oil prices.

23.05.2025 - BRENT Commodity was down 10.1%

• The bearish movement in Brent Crude Oil today was primarily driven by the market reassessing the risk of near-term disruption in oil supply, leading to a sharp decline in prices.
• Despite initial bullish sentiment due to escalating tensions between the US and Iran, the decision by President Trump to delay potential military involvement tempered fears of an immediate supply shock, triggering profit-taking and contributing to the bearish movement.
• The ongoing geopolitical tensions in the Middle East, including missile exchanges between Israel and Iran, continue to threaten the supply of energy from the region, adding further uncertainty to oil markets and influencing the bearish movement in Brent Crude Oil today.

23.05.2025 - BRENT Commodity was down 6.3%

• The decline in Brent Crude Oil prices today can be linked to President Trump's choice to postpone possible US military action against Iran, momentarily easing tensions in the Middle East.
• Market response was negative due to the delay in military engagement reducing the immediate risk of supply disruptions, prompting investors to take profits.
• Despite the price fall, the Middle East remains precarious with ongoing missile exchanges between Israel and Iran, raising concerns about potential disruptions in global crude oil flow via the crucial Strait of Hormuz.
• Geopolitical risks, supply limitations, and economic conditions still heavily influence the oil market sentiment, resulting in a complicated and unpredictable trading environment for Brent Crude Oil.

02.08.2025 - BRENT Commodity was up 0.0%

• Brent crude oil prices saw a surge above $68 per barrel, led by concerns regarding supply disruptions amid the Russia-Ukraine conflict and potential secondary sanctions on Russia.
• This upward trend was bolstered by positive economic indicators from China, which pointed towards robust manufacturing activity and alleviated immediate demand concerns.
• However, the anticipation of a surplus in supply and less optimistic demand projections are limiting further price increases. Investors are keeping a close watch on the upcoming OPEC+ meeting to gauge decisions on output adjustments.
• The market's volatility persists as geopolitical tensions, such as India's response to US pressures regarding Russian oil purchases, continue to influence price fluctuations against the backdrop of a complex global supply and demand landscape.

16.05.2025 - BRENT Commodity was down 5.7%

• The bearish movement in Brent Crude Oil prices today can be attributed to the easing of tensions between Israel and Iran, leading investors to scale back on risk-off trades.
• The market sentiment shifted as signs emerged that the conflict may not escalate further, especially with Iran's oil infrastructure remaining untouched, reducing fears of immediate supply disruptions.
• Despite the retreat in oil prices, geopolitical risks in the Middle East remain elevated, particularly concerns about potential disruptions to the critical chokepoint of the Strait of Hormuz, through which a significant portion of global oil consumption flows.
• The cancellation of nuclear talks between Iran and the US also added to the uncertainty in the market, contributing to the downward pressure on Brent Crude Oil prices today.

24.05.2025 - BRENT Commodity was down 10.5%

• Brent Crude Oil saw a notable decrease today, with prices dropping approximately 5% to $68.1 per barrel.
• The price decline was initiated by an announcement of a ceasefire between Israel and Iran by President Trump, easing concerns about oil supply disruptions in the Middle East.
• Market response to the ceasefire news was observed, as worries of Iran obstructing the critical chokepoint of the Strait of Hormuz decreased, which serves as a key route for global oil supply.
• Despite the current calm in tensions, the market remains wary as the ceasefire between Israel and Iran is fragile, accompanied by allegations of breaches and potential missile threats, maintaining uncertainty in the oil market.

24.05.2025 - BRENT Commodity was down 11.2%

• The bearish movement in Brent Crude Oil was triggered by the announcement of a ceasefire between Israel and Iran, easing fears of supply disruptions in the Middle East.
• The de-escalation of tensions following Iran's missile strike on a US military base in Qatar, which resulted in no casualties, contributed to the downward pressure on oil prices.
• The market reacted negatively to the news of a potential peace agreement, as it reduced the perceived risk of Iran blocking the critical Strait of Hormuz, a key chokepoint for global oil flows.
• Despite initial concerns of supply disruptions, the market sentiment shifted towards oversupply as oil tankers continued to navigate through the region, leading to a sharp decline in oil prices.

24.05.2025 - BRENT Commodity was down 10.5%

• Brent crude oil prices plummeted by nearly 3% to below $69 per barrel following an announcement of a ceasefire between Israel and Iran, easing concerns over potential oil supply disruptions in the region.
• The de-escalation of tensions in the Middle East, particularly after a missile strike on a US airbase resulted in no casualties, contributed to the bearish movement as fears of immediate escalation subsided.
• Market sentiment shifted as signs emerged that Iran might refrain from targeting oil flows in the Persian Gulf, leading to a sharp decline in oil prices as the risk of near-term disruption lessened.
• Despite the initial rally in oil prices due to US involvement in the conflict, the reassessment of risks and waiting for Iran's next move ultimately drove Brent crude oil prices down, highlighting the volatility of the commodity market in response to geopolitical events.