Crude oil price forecast today energy strategists note crude oil price

Energy strategists note crude oil price forecast today suggests an upward trend driven by OPEC compliance exceeding 90%. Tightening supply conditions could lead to $84 Brent levels in coming sessions. 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. Exclusive: Chevron puts $2 billion Colorado pipeline assets for sale, sources say With WTI crude hovering near $78.20 this morning, market sentiment is leaning bullish. The crude oil price forecast today indicates upward momentum if U.S. EIA stock reports show a larger-than-expected decline, boosting energy sector equities.