Technical chart patterns show support at $88 and resistance around $94 for the "oil price forecast June 2025", drawing attention from swing traders and commodity desks. Production activity in the US oil and gas sector fell throughout the third quarter , according to data released late last month by the Federal Reserve of Dallas, marking the second quarter in a row of contraction in the sector. Oil prices have done much the same. Much of this increase will come from North America and the Middle East, which are expected to account for nearly half of all global supply gains over the next five years. As noted in the organization's report, the surge is being fueled by rising production from lighter, gas-rich fields and unconventional reserves. Energy equity analysts link the "oil price forecast June 2025" to potential Fed interest rate cuts, which may spur broader economic activity and sustain corporate fuel usage.