Crude Oil Price Forecast for Today, Tomorrow, Next Week, and 30-Day Forecast
Clear oil prices forecast with key levels, market drivers and outlook for today, the week ahead and the next 30 days to guide trading decisions.
This WTI oil technical analysis covers the main factors driving oil prices: OPEC+ decisions, US inventory data, geopolitical risks, and global demand. See why Crude oil remains a highly liquid instrument for trading in the market, and follow the latest oil price forecast for crude oil.
Key Takeaways
Intraday buy setups are favoured on dips while price holds above the recovered $88.00 zone, with protective stops placed below the recent local low; sell opportunities open near the $89.00–90.00 resistance band.
On the weekly view, the bias remains lower after the earlier trend-line break, so rallies into the supply area are treated as potential selling opportunities rather than the start of a sustained uptrend.
Over the next 30 days, the base expectation is for WTI to work lower once the current corrective bounce exhausts, provided inventories continue to build and global balance forecasts are revised toward surplus.
Latest WTI Crude Oil Technical Analysis for Today
H1: Bulls managed to push the price back above the $88.00 mark, partially breaking the local downward structure. Nevertheless, resistance in the $89.00–90.00 area is expected to cap further upside in the near term.
RSI: 65,48
MACD: Bullish
MA: $85,67
H4: Around $90.00 sits both a psychologically important round number and a potential supply zone inside the broader bearish structure. Sellers are therefore likely to defend this region actively.
RSI: 54,57
MACD: Bullish
MA: $86,60
Oil Trading Plan for Today
- Supports: $88.00 zone and the recent swing low beneath it.
- Resistances: $89.00–90.00.
- Base scenario: a push toward $89.00–90.00 followed by a sharp reversal lower.
- Alternative scenario: sideways consolidation around current levels.
Oil Live Price Today
WTI live price action today reflects the mixed message from the latest EIA report. Commercial crude inventories rose unexpectedly even as refinery utilisation climbed to 95.2% and runs reached 17 million barrels per day — the first stock build after five weeks of draws. Higher imports and softer exports more than offset strong refining demand, leaving the WTI price now under modest pressure while stocks remain roughly 4% below the five-year seasonal norm.
On the daily chart the bulls’ local recovery still looks modest against the earlier decisive break of the trend line. Once the present corrective bounce ends, the path of least resistance is expected to resume lower.
Oil Price Forecast for Tomorrow
Tomorrow is a weekend, so no regular session trading will occur.
Will oil go up tomorrow? Price discovery pauses. Any open positions will roll into Monday, when modest gap risk is possible.
Oil Price Forecast for This Week
The main event this week is the IEA monthly report (13 November, 09:00 UTC). Markets will focus on any revisions to the global surplus/deficit outlook, Middle East supply estimates, and OECD stock projections—these can outweigh a single week of U.S. inventory data. Baker Hughes rig counts (also due 13 November) are secondary but will be watched for early signals on U.S. production trends.
Overall the week’s technical bias favours selling into strength toward $89–90 while the fundamental picture remains clouded by the unexpected U.S. build.
| Date |
November 9 – November 13, 2026 |
| Minimum | $83,15 |
| Average |
$86,85 |
| Maximum |
$90,52 |
Oil Price Forecast for the Next 30 Days
- 13 November — IEA report. Global oil balance, refining and stocks
- 18 & 25 November — EIA inventories. Ongoing U.S. market dynamics
- 29 November— OPEC+ meeting. Production guidance decisions for 2027
Over the coming month, direction will be driven primarily by developments around Iran and the Strait of Hormuz, followed by actual supply volumes and inventory trends.
The 1 November OPEC+ decision is already priced in; the next major cartel-related risk is the 29 November gathering.
WTI price outlook next month leans lower, with the $75–$80 zone as a realistic WTI price target should geopolitical de-escalation and rising supply risks materialize
Oil Price Analysis and Forecasting Methodology
Our oil forecast methodology combines fundamental analysis of supply-demand balances, OPEC decisions, inventories, and geopolitical risks with technical analysis of price charts, trends, and key levels. We also factor in market sentiment from positioning data and news flow. This multi-layered approach to calculating oil price forecasts delivers balanced, data-driven projections you can rely on.
Is Oil a Good Investment?
Is oil a good investment? With ongoing energy demand, limited supply flexibility, and geopolitical premiums, oil remains a strong portfolio diversifier in 2026. Should I invest in oil? Many investors use it to hedge inflation and capture potential upside. Start your oil investment journey in 2026 today— open an account and begin trading in minutes.
Summary
The unexpected U.S. inventory build has clouded the short-term picture, yet stocks remain below seasonal norms and global surplus forecasts have not yet been revised higher. Technical resistance near $89–90 is expected to contain rallies, keeping the base case for lower prices over the coming weeks provided further builds materialise and official balance projections turn more bearish.
The trade levels, signals and forecasts in this article are calculated automatically from technical indicators and price history. They are not investment advice or a recommendation to buy or sell any financial instrument. Past performance and forecasts do not guarantee future results. Risk Warning: CFDs are complex financial products traded on margin. Trading CFDs is risky and may not be suitable for all investors. Ensure you understand the risks involved as you may lose all your invested capital.
Crude Oil Price Forecast FAQs
What is the current price of Crude Oil now?
November 13, 2026
$87.62
When Will Oil Prices Drop?
A sustained drop becomes more likely once WTI fails at the $89–90 resistance and U.S. inventories continue to build. Confirmation would also come from a more bearish global balance revision in the IEA report.
Will Oil Rise or Fall Next Week?
The base case is a limited bounce toward $89–90 followed by renewed pressure lower. The IEA monthly report and further inventory data will decide whether the downside accelerates.
How Do We Do Oil Technical Analysis?
We combine chart patterns, support/resistance, moving averages, RSI and MACD with fundamental factors like supply data, inventories and geopolitics. This integrated approach strengthens trend signals and improves forecast accuracy in our oil reviews.
How to Trade Oil Technical Analysis?
Follow the ready technical setups and levels provided in our daily oil reviews. We already combine indicators with fundamental context, so you receive clear entry zones, targets and risk parameters without extra work.
Khaled Kamal is a Market Analyst & Business Development Manager at Investizo with several years of experience in the financial services industry. His areas of focus include forex markets, trading strategies, risk management, copy trading and the practical aspects of financial markets.
Award history
More about awards
2023—2026 - 10 awards archived