Crude oil futures have settled down by $0.47, or -0.73%, pricing at $66.43. The high during the session reached $65.11, while the low was recorded at $63.76.<\/p>\n
Prices briefly rose above the 100-day moving average of $64.92, yet momentum waned, causing a swift return to lower levels. During the session lows, prices approached a swing area low near $63.61.<\/p>\n
If prices move below this level, it may allow sellers to push the market lower.<\/p>\n
We are seeing weakness in crude oil futures, with the price settling near $64.43. The price tried to move above its 100-day moving average at $64.92 but failed to hold, quickly turning lower. This rejection shows that sellers are still in control for now.<\/p>\n
From our perspective, the most important level to watch is the swing low around $63.61. A decisive break below this price would signal more selling pressure is coming in the weeks ahead. It would suggest that the recent attempt to rally has completely failed.<\/p>\n
This technical weakness is supported by the latest supply data. The most recent report from the Energy Information Administration showed an unexpected increase in U.S. crude inventories by 2.1 million barrels. This surprise build suggests demand may be softening more than anticipated.<\/p>\n
We believe this reflects broader concerns about a global economic slowdown that have been building in the summer of 2025. Lingering high interest rates from central banks in 2024 appear to be finally curbing business activity and travel demand. Traders are becoming more defensive as a result.<\/p>\n
For derivative traders, this situation suggests considering bearish strategies. Buying put options could be a way to profit from a potential drop below the $63.61 support level. This provides downside exposure while defining your maximum risk.<\/p>\n
We have seen this pattern before, particularly after the price spikes back in 2022. Following that peak, oil prices entered a prolonged period of weakness as recession fears took hold throughout 2023. The current price action feels similar, where failed rallies lead to significant declines.<\/p>\n
However, if the price can firmly reclaim the 100-day moving average near $64.92, this bearish outlook would need to be reassessed. A sustained move above that level could trap sellers and indicate that the market has absorbed the negative news. This remains the key line in the sand for bulls.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Crude oil futures declined, failing to maintain gains above the 100-day average, signaling potential further weakness.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-28543","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=28543"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28543\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=28543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=28543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=28543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}