Why are Brent Crude Prices so high?
23-10-2025 - Brent prices fell by 6.0% over the last month, from $66.57 to $62.59 per barrel. The high was $70.13 on 26th Sep, and the low was $61.01 on 20th Oct.
Our one month forecast for Brent is $64.15 per barrel, with a projected increase of $1.56 or 2.5% from the latest price. Our analysis suggests a slightly higher chance of prices falling below our prediction than exceeding it.
Our current forecast is influenced most significantly by Technical data, impacting the price forecast by $1.06 per barrel. Within the Technical data type, the Futures Curve family contributes $1.26 per barrel, while Traders' Positions add $0.49. However, there is disagreement among the data types. Flows and Technical data suggest upward price pressure, while Demand and Supply data indicate the opposite trend. Demand data from the Global Economy family has a negative impact of -$0.15 per barrel, and Supply data from the Inventories family contributes -$0.04 per barrel to the forecast.
Our one month forecast for Brent is $64.15 per barrel, with a projected increase of $1.56 or 2.5% from the latest price. Our analysis suggests a slightly higher chance of prices falling below our prediction than exceeding it.
Our current forecast is influenced most significantly by Technical data, impacting the price forecast by $1.06 per barrel. Within the Technical data type, the Futures Curve family contributes $1.26 per barrel, while Traders' Positions add $0.49. However, there is disagreement among the data types. Flows and Technical data suggest upward price pressure, while Demand and Supply data indicate the opposite trend. Demand data from the Global Economy family has a negative impact of -$0.15 per barrel, and Supply data from the Inventories family contributes -$0.04 per barrel to the forecast.
What is the current / spot price of Brent Crude?
Brent Crude Price Today
October 23, 2025
Current Price
106.62
$/bl
What is the forecast for the price of Brent Crude?
Brent Crude Price Forecast
October 23, 2025
1 Month Forecast
64.15
$/bl
1 Year Forecast
71.59
$/bl
What are the short-term drivers of Brent Crude prices?
What are the long-term drivers of Brent Crude prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - The shape of the futures curve (adjusted for the risk free rate and price volatility) - The net positions of speculators on ICE - Long term price trends Br(None) The top contrary drivers for the 1 Month horizon are: - Short term price trends - Crude exports from Nigeria
Over the 1 Year horizon the outlook is bullish due to drivers such as: - LPG imports to Korea - Crude exports from Angola - Short term price trends - Long term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - Euroil Crude Stocks
Will the price of Brent Crude go up?
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