Crude Oil Prices Stuck in Neutral

Crude oil prices have been in a bearish trend since March 2022, with WTI hovering around $57 and Brent near $62 as of late December 2025. Despite consolidating near key support levels, prices have not broken down yet due to factors such as U.S. strategic petroleum reserve releases, OPEC+ production increases, and weak demand from China. Traders are watching for potential price increases from U.S.-Saudi deals, geopolitical tensions, or the spring driving season. However, a drop below support levels could push prices toward $50 or lower. Currently, daily charts show a tight range between $55 and $66, with $60 as the pivot point.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.