{"id":31442,"date":"2025-10-02T06:16:36","date_gmt":"2025-10-02T06:16:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=31442"},"modified":"2025-10-02T06:16:36","modified_gmt":"2025-10-02T06:16:36","slug":"oil-edges-higher-after-three-day-decline","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/oil-edges-higher-after-three-day-decline\/","title":{"rendered":"Oil Edges Higher After Three-Day Decline"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Oil4-1024x573.webp\" alt=\"\" class=\"wp-image-41759\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>WTI rose 0.55% to $62.12, while Brent gained 0.57% to $65.72.<\/li>\n\n\n\n<li>Supply risks from tighter Russian sanctions and Chinese demand lent support.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Oil prices climbed on Thursday after three consecutive sessions of losses, with traders citing technical support and renewed geopolitical risks. West Texas Intermediate (WTI) futures advanced 34 cents, or 0.55%, to $62.12 per barrel, while Brent crude rose 37 cents, or 0.57%, to $65.72.<\/p>\n\n\n\n<p>The uptick came as WTI approached its $60 support level, prompting a wave of buying interest. Analysts also pointed to the potential for tighter sanctions on Russian crude, which could restrict supply and lend stability to prices.<\/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 rises on Russia sanctions fears after 3-day losing streak <a href=\"https:\/\/t.co\/Y8zyGISIlC\">https:\/\/t.co\/Y8zyGISIlC<\/a> <a href=\"https:\/\/t.co\/Y8zyGISIlC\">https:\/\/t.co\/Y8zyGISIlC<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1973617739903148356?ref_src=twsrc%5Etfw\">October 2, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The Group of Seven finance ministers pledged to <a href=\"https:\/\/www.reuters.com\/world\/europe\/g7-nations-say-they-will-target-those-continuing-increase-russian-oil-purchases-2025-10-01\/\" target=\"_blank\" rel=\"noopener\" title=\"\">intensify pressure on Moscow<\/a> by targeting buyers of Russian oil and those facilitating sanction circumvention.<\/p>\n\n\n\n<p>This came alongside reports that <a href=\"https:\/\/www.reuters.com\/world\/europe\/us-provide-ukraine-with-intelligence-missile-strikes-deep-inside-russia-wsj-2025-10-01\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Washington will provide Ukraine with intelligence<\/a> to support long-range missile strikes on Russian refineries, pipelines, and other energy infrastructure, potentially disrupting the Kremlin\u2019s oil revenues.<\/p>\n\n\n\n<p>China\u2019s stockpiling of crude, as the world\u2019s largest importer, added further support by cushioning against the downside.<\/p>\n\n\n\n<p>However, market sentiment remained capped by concerns over a looming U.S. government shutdown and the prospect of higher OPEC+ output.<\/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 pauses as markets assess OPEC+ plans, demand concerns <a href=\"https:\/\/t.co\/EVSX6Ig6ii\">https:\/\/t.co\/EVSX6Ig6ii<\/a> <a href=\"https:\/\/t.co\/EVSX6Ig6ii\">https:\/\/t.co\/EVSX6Ig6ii<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1973338400762519914?ref_src=twsrc%5Etfw\">October 1, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Sources familiar with the bloc\u2019s discussions suggested that producers could raise supply by up to 500,000 barrels per day in November, triple October\u2019s increase. This comes on the back of Saudi Arabia seeking to defend its market share.<\/p>\n\n\n\n<p>Meanwhile, U.S. Energy Information Administration data highlighted softer demand. Crude inventories rose by 1.8 million barrels last week to 416.5 million, compared with forecasts for a 1 million-barrel increase. Gasoline and distillate stockpiles also expanded as refining activity slowed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Crude oil (<strong>CL-OIL<\/strong>) is trading at <strong>62.19<\/strong>, up <strong>0.68%<\/strong> on the day, staging a modest rebound after recent weakness. Despite today\u2019s uptick, the broader picture still shows oil under pressure, with prices struggling to sustain momentum above the <strong>65\u201367 resistance zone<\/strong> and trending sideways since the sharp drop from the <strong>July peak at 77.90<\/strong>.<\/p>\n\n\n\n<p>From a technical perspective, oil remains in a consolidation range, with the <strong>5-, 10-, and 30-day moving averages<\/strong> clustered closely, reflecting indecision in the market. Support continues to hold around <strong>59.00\u201360.00<\/strong>, which has acted as a base since mid-September. Any decisive break below that region would risk a deeper correction toward the <strong>55.00 low<\/strong> from April.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-3-1024x448.jpg\" alt=\"\" class=\"wp-image-31443\"\/><\/figure>\n\n\n\n<p>The <strong>MACD<\/strong> remains muted, hovering near the zero line, with a slight uptick in histogram bars showing some early bullish momentum. However, the lack of strong divergence suggests buyers are hesitant to commit.<\/p>\n\n\n\n<p>For now, the outlook remains neutral to mildly bearish. If prices can reclaim and hold above <strong>65.00<\/strong>, it could spark a recovery toward <strong>70.00<\/strong>. Conversely, failure to stay above <strong>60.00<\/strong> would open the door to further downside.<\/p>\n\n\n\n<p>Traders should watch for external catalysts such as inventory reports, OPEC+ commentary, or geopolitical headlines, which could provide the volatility needed to break oil out of this holding pattern.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*d96fp5*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTczOTYxNzckbzgzJGcwJHQxNzU3Mzk2MTc3JGo2MCRsMCRoMA..*_ga_6XQ8153GYW*czE3NTczODczODQkbzE4MyRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_BG6LYEHPX1*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_7CG6454YR5*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_J8BRGZSREX*czE3NTczODczODUkbzEzMSRnMCR0MTc1NzM4NzM4NSRqNjAkbDAkaDA.*_ga_69Z54R4H9N*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_CY2VCKFC3C*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_TXZ07R2C21*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_17TMGY9BBE*czE3NTczODczODgkbzEzMCRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_2QCC3S2748*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_MWDVVSEVL5*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_EJCVQDC7VT*czE3NTczODczODkkbzEyNSRnMCR0MTc1NzM4NzM4OSRqNjAkbDAkaDA.*_ga_XJ4037XKK6*czE3NTczODczOTEkbzEyNCRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.*_ga_E7D2PCX624*czE3NTczODczOTEkbzEyMyRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded on Thursday, with WTI holding above $62 as Russian sanctions risks and Chinese stockpiling offset oversupply concerns. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":41759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[66],"class_list":["post-31442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-oil"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/31442","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\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=31442"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/31442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/41759"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=31442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=31442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=31442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}