Selling Brent crude with target of $63 per barrel

The outlook for Brent suggests a moderate decline until the end of this week. The key factor preventing price growth is a global oil surplus.

Several OPEC+ countries plan to slightly increase their crude supply in December to regain market share. This approach puts additional pressure on Brent and other grades.

The upcoming meeting of the US president and China’s leader may also impact oil prices. Investors’ hopes for a positive outcome, which would underpin the commodity market, are high, but there are risks of disappointment. The final results of the long-awaited meeting could differ significantly from trader expectations. Markets are also awaiting the release of weekly US inventory data, which might influence price dynamics.

The forecasts of major players are presented below:

JPMorgan predicts Brent will stay in the $60–$65 range until the end of 2025. By late 2026, oil is likely to cost $63 per barrel.

Morgan Stanley has a more optimistic outlook for the second quarter of this year, with crude trading near $70. However, closer to December, the price could drop to $57.50 per barrel.

Goldman Sachs expects Brent to cost $71 in late 2025 but this is lower than the bank’s previous estimate.

Barclays projects an average price for the oil grade around $74 for 2025. 

Kept (also known as KPMG) forecasts an average of $76 per barrel.

The US Energy Information Administration (EIA) presents an even more bearish outlook for crude. In the fourth quarter of 2025 Brent may trade around $60 and near $50 in 2026.

Finally, S&P Global Commodity Insights shows the most optimistic approach with the forecast of $79 per barrel in 2025.

Most forecasts point to subdued dynamics with the potential for a slight decline in prices if expectations of supply growth outweigh optimism about demand.

The trading recommendation is to sell Brent crude, with Take Profit at the level of $63 and Stop Loss at $66 per barrel.

Calculate your open position so that a potential loss (protected by a Stop Loss order) is limited to 1% of your deposit. If your account balance does not allow entering a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.