Workflow
Oil News: Crude Oil Futures Vulnerable Next Week Below Key 52-Week Average
FX Empire·2025-09-14 04:15

Group 1: Market Dynamics - A sustained move under the 52-week moving average indicates the presence of sellers, potentially driving prices toward $61.12 and $60.26, which could trigger further downside momentum [1] - Overcoming the 52-week moving average suggests the return of buyers, with initial resistance at $64.56 and $65.41, followed by a swing top at $66.03, which could lead to a surge towards $68.70 [2] Group 2: Geopolitical Influences - Recent price increases in crude oil were driven by a Ukrainian drone attack that suspended crude loadings at a major Russian port, raising concerns about potential reductions in Russian crude exports [3] - Despite the temporary lift from geopolitical events, Brent and WTI benchmarks fell sharply, indicating market skepticism towards price rallies without substantial supply disruptions [4] Group 3: Economic Indicators - U.S. economic indicators have raised concerns about demand prospects, with revised jobs data showing 911,000 fewer jobs created than previously estimated, alongside a 0.4% increase in the Consumer Price Index, the largest since January [5] - The combination of slower job growth and persistent inflation raises doubts about the Federal Reserve's ability to cut rates soon, which may stall economic activity and reduce energy consumption [6]