Forecasting the US Crude price requires taking into account fundamental, geopolitical, and technical factors. The dynamics of crude oil not only shape the global economic environment but also depend heavily on exporting countries’ decisions, macroeconomic indicators, and unexpected events.
In this review, we will examine the outlook for oil prices over the upcoming trading sessions, assess prospects for the week ahead, and outline key benchmarks for the coming month. The forecast takes into account the current supply-demand balance, speculative positioning, and the latest geopolitical developments.
The article covers the following subjects:
Expert Technical Analysis for USCrude for Today
The 4-hour chart shows the following signals:
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A Bullish Belt Hold candlestick pattern (1) formed in the $92.61–$94.91 range, signaling increased buying activity and suggesting a potential near-term price rise.
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MACD is gradually rising in negative territory, suggesting that the bearish momentum is fading.
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The RSI is also gradually rising. It is currently at 41 and may rise further.
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The MFI has turned higher from its lower boundary and is gradually rising, indicating capital inflows.
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The market price is trading between the VWAP and SMA20which indicates a temporary balance between buyers and sellers.
Trading Plan for USCrude for Today
Oil forecast for today:
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Key support levels: $94.91, $92.61, $89.72, $87.30, $85.09, $82.67, $80.53.
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Key resistance levels: $97.41, $99.69, $102.18, $104.54, $106.74, $109.09, $111.23, $113.51, $115.72, $117.93.
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Base scenario: Open long positions (1) above $97.41 on high volume. Targets: $99.69, $102.18, $104.54, $106.74, $109.09, $111.23, $113.51, $115.72, and $117.93. Stop Loss (3): $96.11.
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Alternative scenario: Open short positions (2) below $94.91 on increased volume. Targets: $92.61, $89.72, $87.30, $85.09, $82.67, and $80.53. Stop Loss (3): $96.11.
The analysis is provided by Alan Tsagaraev.
Alan Tsagaraev is an independent trader and analyst specializing in stock, foreign exchange, and cryptocurrency markets. He holds a degree in Economics and has been a professional investor and financial market trader since 2019. Over the course of his career, he has increased his capital more than tenfold.
USCrude Real-Time Market Status
USCrude is trading at $86.899 as of 04.11.2026.
Oil Price Forecast for Tomorrow
On November 5, 2026, USCrude is projected to rise.
USCRUDE price prediction tomorrow:
|
Date |
Daily Low, $ |
Average Price, $ |
Daily High, $ |
|
05.11.2026 |
89.72 |
95.95 |
102.18 |
Oil Price Forecast for Next Week
USCRUDE prices are expected to be moderately volatile this week amid the release of manufacturing and services PMI data, weekly crude oil inventory figures from the American Petroleum Institute (API), October nonfarm payrolls data, and other macroeconomic indicators. An escalation of the conflict in the Middle East could also trigger increased volatility.
USCRUDE price prediction this week:
|
Date |
Weekly Low, $ |
Average Price, $ |
Weekly High, $ |
|
02.11.2026–08.11.2026 |
92.61 |
103.06 |
113.51 |
Oil Price Prediction for Next 30 Days
In November 2026, WTI crude oil prices could trade between $98.00 and $110.00. If geopolitical tensions persist and inventories continue to decline, prices could rise to $112.00–$115.00. If supplies from the Middle East recover and US inventories increase, oil will likely fall to $95.00–$98.00 or lower.
USCrude price prediction 30 days:
|
Month |
Monthly Low, $ |
Average Price, $ |
Monthly High, $ |
|
November |
95.00 |
105.00 |
115.00 |
USCrude Outlook: Market Sentiment and Key Events for the Next 30 Days
The following factors may affect the price of USCrude:
- OPEC+ decision. On November 1, Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman decided to keep their December production targets unchanged. This means the market will not receive additional oil supplies from the group over the coming month. At the same time, actual oil production in several countries remains below their established quotas due to voluntary production cuts agreed under OPEC+.
- Conflict in the Middle East and the Strait of Hormuz. A significant share of global seaborne oil shipments passes through the Strait of Hormuz. Shipping restrictions, attacks on tankers and energy infrastructure, and the lack of an agreement between Washington and Tehran are keeping oil prices elevated.
- EIA forecast. In its October report, the US Energy Information Administration (EIA) raised its forecast for the average Brent crude price in the fourth quarter of 2026 to $105 per barrel. The agency expects supply disruptions to persist, although alternative export routes and a production recovery will gradually increase supply.
- Demand from China and the US. China remains the largest source of uncertainty regarding global oil demand. Slowing industrial production, weaker construction activity, and reduced refinery throughput could limit crude oil imports. In the US, key indicators will include gasoline and diesel consumption, refinery utilization rates, and overall economic conditions. Weak macroeconomic data will heighten concerns about slowing global demand and put downward pressure on oil prices.
- US commercial crude oil inventories. Weekly reports from the US Energy Information Administration (EIA) will be an important reference point for short-term trading. Declining crude oil inventories amid strong exports and high refinery utilization will signal tight supply. Conversely, rising inventories will indicate weakening demand.
- The US dollar and interest rates. At its October meeting, the Fed kept interest rates unchanged at 3.75–4.00%. A strong US dollar and high borrowing costs could limit demand for commodities. A deterioration in the global economic outlook would be another negative factor, as it could reduce consumption of fuel and industrial raw materials.
- November 4 — October ADP nonfarm employment change, October services PMI, October ISM Non-Manufacturing Employment Index.
- November 6 — October nonfarm payrolls, US unemployment rate, preliminary University of Michigan inflation expectations for November, Baker Hughes Total Rig Count in the US.
- November 10 — Consumer Price Index (CPI) for October.
- November 13 — Producer Price Index (PPI) for October.
- November 16 — Empire State Manufacturing Index for November.
- November 17 — Industrial production data for October.
- November 19 — Philadelphia Fed Manufacturing Index for November.
- November 20 — University of Michigan inflation expectations data for November.
Price Analysis and Forecasting Methodology
Our daily Oil price analysis and forecasting methodology includes:
- Analysis of fundamental factors and expert opinions influencing USCrude short-term price movements.
- Technical analysis of the asset’s charts from H1 to H4 time frames, including identification of key support and resistance levels, examination of technical indicatorsand study of candlestick and chart patterns.
- Assessment of market sentiment through the analysis of posts and comments on social media, offering insights into the oil price’s next move.
Oil (USCrude) Price Forecast FAQs
Price chart of USCRUDE in real time mode
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