Crude oil price forecast today in today’s crude oil price forecast

In today’s crude oil price forecast, technical patterns suggest a breakout scenario. Brent futures are testing the 50-day moving average at $82, while volume spikes confirm institutional buying, a common signal ahead of seasonal demand surges. In economic news, the jobless rate in Japan came in at a seasonally adjusted 2.6 percent in August, the Ministry of Internal Affairs and Communications said on Friday. That missed forecasts for 2.4 percent and was up from 2.3 percent in July. Global oil demand is now expected to rise by just 680,000 barrels per day (bpd) this year, and by 700,000 bpd in 2026, to reach 104.4 million bpd next year, the IEA said in its monthly Oil Market Report out today. 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.