Brent prices fall to support at 60.00 USD
Brent crude prices have declined towards the 60.00 USD level, with market focus today on US oil inventory data from API. Find more details in our analysis for 21 October 2025.
Brent forecast: key trading points
Market focus: US crude oil inventory data from API will be released today
Current trend: moving downwards
Brent forecast for 21 October 2025: 58.50 or 61.30
Fundamental analysis
Brent prices are moderately declining as growing concerns over a global oil supply glut and ongoing uncertainty surrounding US-China trade negotiations keep the market under pressure.
Traders are closely monitoring the upcoming talks between US and Chinese officials in Malaysia, which are viewed as a key precursor to the expected summit between President Donald Trump and President Xi Jinping later this month.
RoboForex Market Analysis & Forex Forecasts
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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.
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