Oil price forecast today highlights that geopolitical premium remains embedded in futures curves, effectively setting a near-term floor above $83 for Brent. Due to the shutdown, the releases of reports on weekly jobless claims and factory orders that were scheduled for this week have been indefinitely postponed. Economic concerns are also an issue across the globe, and historically GDP is heavily correlated to oil demand. Oil price forecast today shows that Chinese import data came in stronger than expected, lending fundamental support to crude. Brent could edge toward $86 if industrial activity maintains its pace.
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