Crude oil price forecast today market technicians chart crude oil

Market technicians chart crude oil price forecast today with Fibonacci retracement levels indicating $80 WTI as a key pivot. Breaching this pivot could confirm sustained bullish sentiment. October 03, 2025 16:10 ET First half of this week the focus was on efforts to avoid a government shutdown in the U.S. However, talks to avert one failed and an almost total blackout of federal government began on October 1, Wednesday. The weekly claims data due on Thursday and the job report on Friday from the Bureau of Labor Statistics were not released. In Europe, inflation data in the euro area raised concern and the latest interest rate decision from India was among the main news in Asia. Zoomable Statistic: Select the range in the chart you want to zoom in on. Brent crude is trading higher, supported by bullish crude oil price forecast today data from global consultancies citing stronger manufacturing activity. Investment funds are moderately increasing exposure to energy commodities.