Brent Crude Prices

09-12-2025 - Over the past month, the price of Brent crude oil has experienced a slight decline, beginning at $63.38 per barrel and closing at $62.49 per barrel. This minor decrease suggests a relatively stable market with only small fluctuations. The forecast anticipates a slight upward trend, predicting a price of $63.71 per barrel, which is a 2.0% increase from the current $62.49 per barrel. The associated risk is minimal, with a modest price change of $1.22 per barrel.

The current forecast indicates upward pressure on raw material prices, primarily influenced by technical data, including Futures Curve and Calendar Effects, contributing a $1.65 per barrel impact. However, there are conflicting signals, as supply and technical data suggest price increases, while demand and flows indicate potential downward pressure.

Recent analyses present a bearish outlook for Brent crude oil prices in the near term, suggesting a potential decline. For example, a Reuters article from December 9, 2025, reports a 0.1% decrease in Brent crude to $62.41 per barrel. This decline is attributed to market attention on developments in Ukraine peace talks and the upcoming U.S. Federal Reserve interest rate decision. This external analysis contrasts with the forecasted price increase, highlighting differing opinions on the market's direction.