{"id":24500,"date":"2025-09-04T08:40:08","date_gmt":"2025-09-04T08:40:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=24500"},"modified":"2025-09-04T08:40:08","modified_gmt":"2025-09-04T08:40:08","slug":"oil-eases-as-opec-supply-talk-shakes-confidence","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/oil-eases-as-opec-supply-talk-shakes-confidence\/","title":{"rendered":"Oil Eases As OPEC+ Supply Talk Shakes Confidence"},"content":{"rendered":"\n<p>Oil prices slipped again in early Thursday trading, with concerns over potential extra supply weighing on sentiment. West Texas Intermediate fell 1.0% to $63.32 a barrel, while Brent crude shed 0.9% to $66.96, erasing the prior day\u2019s advance.<\/p>\n\n\n\n<p>The weakness followed a Reuters report hinting that OPEC+ may discuss loosening its production limits at the next policy meeting.<\/p>\n\n\n\n<p>No firm decision has been taken, but the prospect of more barrels hitting the market was enough to unsettle bullish traders.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Oil prices extend losses as OPEC+ considers another output hike <a href=\"https:\/\/t.co\/xWBDlcaowz\">https:\/\/t.co\/xWBDlcaowz<\/a> <a href=\"https:\/\/t.co\/xWBDlcaowz\">https:\/\/t.co\/xWBDlcaowz<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1963492278141423844?ref_src=twsrc%5Etfw\">September 4, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Caution is high ahead of the US Energy Information Administration\u2019s (EIA) inventory data later today. Investors are keen to see whether demand from the world\u2019s largest consumer can offset last week\u2019s unexpected stockpile increase.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Crude oil (CL-OIL) last traded at $63.26, down 0.75% on the session, with the market stuck in a consolidation phase after a volatile year. Prices tumbled to $55.11 in April before rebounding strongly to $77.90 in July.<\/p>\n\n\n\n<p>Since then, the market has been moving sideways. The 30-day moving average has flattened, while shorter-term averages (5 and 10) are struggling to stay above it, a sign of hesitation.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"337\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept.jpeg\" alt=\"\" class=\"wp-image-24503\" srcset=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept.jpeg 768w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept-300x132.jpeg 300w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept-500x219.jpeg 500w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept-400x176.jpeg 400w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept-350x154.jpeg 350w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/09\/oil-4-sept-200x88.jpeg 200w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure><\/div>\n\n\n<p>The MACD indicator shows a modest bullish cross, but remains close to neutral, pointing to limited momentum. Immediate support is found at $60, with a firmer floor near $55. Resistance lies at $67, and higher up at $72.<\/p>\n\n\n\n<p>A move above $67 could revive upward momentum, whereas a break below $60 would raise the risk of revisiting this year\u2019s lows.<\/p>\n\n\n\n<p>In the short run, oil is likely to continue swinging within its current band, with traders keeping a close eye on OPEC+ policy direction, US stock data, and wider demand cues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>Unless OPEC+ walks back supply speculation, crude may remain under pressure into the weekend. A bearish&nbsp;<a href=\"https:\/\/www.eia.gov\/petroleum\/supply\/weekly\/\" target=\"_blank\" rel=\"noreferrer noopener\">EIA print<\/a>&nbsp;could drive WTI toward the&nbsp;<strong>$60 handle<\/strong>, while any dovish surprise may offer brief reprieve.&nbsp;<a href=\"https:\/\/t.co\/bGhqismFGW\" target=\"_blank\" rel=\"noreferrer noopener\">All eyes on Vienna<\/a>&nbsp;and on barrels.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarketsmy.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noreferrer noopener\">start trading<\/a>\u00a0now.<\/strong><\/p>\n\n\n\n<p><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped again in early Thursday trading, with concerns over potential extra supply weighing on sentiment. West Texas Intermediate fell 1.0% to $63.32 a barrel, while Brent crude shed 0.9% to $66.96, erasing the prior day\u2019s advance. The weakness followed a Reuters report hinting that OPEC+ may discuss loosening its production limits at the <a href=\"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/oil-eases-as-opec-supply-talk-shakes-confidence\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":92,"featured_media":24503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-24500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/24500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=24500"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/24500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/24503"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=24500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=24500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=24500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}