RoboForex Team
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Deal of the century or a bubble? Brent pushes to new highs
Brent prices have reached their highs and may extend gains towards 68.50 USD. Discover more in our analysis for 10 June 2025.
Brent forecast: key trading points
Fundamental analysis of Brent for today, 10 June 2025, takes into account that prices have renewed their May highs, climbing to 66.90 USD per barrel ahead of the results of another round of negotiations between Washington and Beijing. Optimism surrounding the resolution of trade tensions fuels demand for commodities and reinforces price momentum.
Iran is preparing a counterproposal for the US regarding the nuclear deal. Against this backdrop and following the breakout above the recent high, Brent shows resilience despite ongoing uncertainty.
The Brent forecast also takes into account increased OPEC+ production, with Iraq lagging, and Saudi Arabia and the UAE continuing to ramp up output. However, caution remains warranted – an oversupply by the end of 2025 could weaken the market and trigger a correction in Brent prices.
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
Brent prices have reached their highs and may extend gains towards 68.50 USD. Discover more in our analysis for 10 June 2025.
Brent forecast: key trading points
- Brent has surpassed its May peak
- OPEC+ increases oil production
- Brent forecast for 10 June 2025: 68.50
Fundamental analysis of Brent for today, 10 June 2025, takes into account that prices have renewed their May highs, climbing to 66.90 USD per barrel ahead of the results of another round of negotiations between Washington and Beijing. Optimism surrounding the resolution of trade tensions fuels demand for commodities and reinforces price momentum.
Iran is preparing a counterproposal for the US regarding the nuclear deal. Against this backdrop and following the breakout above the recent high, Brent shows resilience despite ongoing uncertainty.
The Brent forecast also takes into account increased OPEC+ production, with Iraq lagging, and Saudi Arabia and the UAE continuing to ramp up output. However, caution remains warranted – an oversupply by the end of 2025 could weaken the market and trigger a correction in Brent prices.
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
