⛽ Brent struggles near $67.00

Brent (OIL) launched this week above $70 handle, the highest level early-January 2020, amid tensions in the Middle East. Gains started to be erased and price dropped over 5% off the local high during the past two days. API data showed an unexpected, massive build in oil inventories yesterday with stockpiles increasing by 12.8 million barrels (exp. -0.8 mb). Today's DOE report at 3:30 pm GMT will be closely watched for confirmation.

In meanthine, OIL has found support in the area slightly below $67.00 today and bounced higher. The area is marked with the 50% retracement of recent upward impulse, lower limit of the Overbalance structure and previous price reactions. However, the recovery move looks to be losing steam. A break below the aforementioned support may signal a short-term trend bearish reversal.

Brent (OIL). H1 interval. Source: xStation5

3 November 2025, 11:10 AM

Chart of the day - OIL (03.11.2025)

31 October 2025, 6:51 AM

Morning wrap (31.10.2025)

30 October 2025, 7:08 PM

Daily Summary: ECB, FOMC and MAG7 - mixed signals and risk aversion

30 October 2025, 2:30 PM

BREAKING: EIA gas inventories change slightly above expectations. NATGAS increase after EIA data 📌

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⛽ Brent struggles near $67.00

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