RoboForex Team
Well-known member
Rising US oil inventories increase pressure on Brent
Brent prices continue to react to geopolitical developments and US inventory data, currently trading at 62.18 USD. Discover more in our analysis for 16 October 2025.
Brent technical analysis
Brent quotes continue to move within a descending channel, remaining under selling pressure. After failing to consolidate above the 62.60 USD resistance level, prices resumed their decline, indicating sustained bearish momentum.
Rising US oil inventories continue to weigh on Brent prices.
Read more - Brent Forecast
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 continue to react to geopolitical developments and US inventory data, currently trading at 62.18 USD. Discover more in our analysis for 16 October 2025.
Brent technical analysis
Brent quotes continue to move within a descending channel, remaining under selling pressure. After failing to consolidate above the 62.60 USD resistance level, prices resumed their decline, indicating sustained bearish momentum.
Rising US oil inventories continue to weigh on Brent prices.
Read more - Brent Forecast
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
