Oil price forecast today notes a mild contango structure

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Oil price forecast today notes a mild contango structure narrowing in the Brent curve, suggesting tighter prompt supply dynamics in the spot market. The lead from Wall Street continues to be cautiously optimistic as the major averages recovered from a midday slump on Thursday to finish with mild gains at fresh record highs. Ready to trade daily crude oil price analysis ? We’ve shortlisted the best Forex Oil trading brokers in the industry for you. Oil price forecast today suggests Brent crude hovering near $84.70/barrel in early trading, supported by OPEC+ output discipline and tighter US inventories. Short-term momentum indicators point to a potential test of $85.50 if macroeconomic sentiment holds steady and dollar strength eases.

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