Brent crude oil stabilises in range: market needs driver and pause
Brent oil prices are consolidating around 66.72 USD, with the phase of extreme volatility being over. Discover more in our analysis for 26 June 2025.
Brent forecast: key trading points
Brent has reduced its price swings, settling into a narrow range
The Middle East factor remains relevant, while focus also shifts to inventory data
Brent forecast for 26 June 2025: 66.05
Fundamental analysis
Brent prices hold steady at 66.72 USD. While the Middle East remains a relevant theme, it no longer dominates market sentiment. Prices received support from Donald Trump’s statements about maintaining maximum pressure on Iran, including oil export restrictions.
At the same time, Trump hinted at a possible relaxation of oversight to help revive Iran’s economy and announced upcoming talks with Iranian representatives. He also expressed support for China, one of Iran’s largest oil buyers, to continue importing Iranian crude.
With the ceasefire between Iran and Israel still holding, markets are closely monitoring any further geopolitical developments.
US inventory data provided additional support to oil prices. Crude stocks fell for the fifth consecutive week, dropping by 5.84 million barrels to the lowest seasonal level in 11 years. Cushing inventories also hit their lowest point since February.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team