NewsSignalsAI analysis·CNBC TV18·
Crude oil may extend losses next week, Brent seen testing $90-92/barrel: Analysts
Grade Abearish AI signal$BRENT$WTI
Crude oil could extend its losses next week, with analysts seeing Brent potentially testing $90-$92 per barrel as ample supply and rising inventories weigh on prices.
Brent fell 2.52% over the past week to $95.84, while OPEC+ production increased by nearly 1.96 million barrels per day in October and US crude inventories rose by 4.66 million barrels.
Persistent US-Iran tensions and potential Strait of Hormuz disruptions could trigger volatility, but supply-demand fundamentals may keep downward pressure on crude prices.
Bullish strength: 20/100
- Potential Strait of Hormuz disruptions could threaten global oil supplies.
- US-Iran tensions remain a source of geopolitical supply risk.
Bearish strength: 80/100
- Analysts expect crude oil losses to extend next week.
- Brent could test $90-$92 per barrel.
- OPEC+ production increased by nearly 1.96 million barrels per day in October.
- US crude inventories increased by 4.66 million barrels.
- Global supply surplus expectations are weighing on prices.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.