Oil Prices

Brent Crude

$91.51

USD/barrel

▲ 5.10%Today's change

H: 91.87

L: 90.73

2026-08-18

WTI Crude

$84.55

USD/barrel

▲ 4.06%Today's change

H: 85.68

L: 84.62

2026-08-18

OPEC Basket (estimate)

$88.03

USD/barrel

▲ 4.58%Today's change

2026-08-18

Indicative delayed data (up to 15 min). Not investment advice.

Last updated: 8/18/2026, 8:18:46 AM

AI Market Analysis

Multi-horizon oil market direction, powered by live indicators + news.

Next 24 Hours

neutral

Probability

55%

Confidence

70%

Technical indicators show prices hovering above major moving averages with RSI at neutral levels (51.3), while market digestion of recent EIA inventory builds offsets geopolitical risk premiums.

Next 7 Days

bearish

Probability

60%

Confidence

65%

A massive 17.4 million barrel jump in US crude inventories and rising OPEC production (+1.16 million bpd in July) provide significant supply-side headwinds despite current price strength.

Next 30 Days

bearish

Probability

70%

Confidence

75%

EIA forecasts suggest a substantial downward trend toward a $58 average, as increased supply and cooling demand are expected to override the temporary war-related risk premium in the Middle East.

Oil Market Sentiment

Neutral

AI Summary

Crude oil markets are currently caught between supportive technicals (MACD positive, price above MA200) and bearish fundamental data including record EIA inventory builds and IEA forecasts of a long-term price decline. Geopolitical tension from the US-Iran conflict provides a floor, but rising OPEC output remains a primary depressant.

EIA Inventories

Weekly inventories rose by 17.4 million barrels, the largest increase in three years, though current levels remain 1.8% below seasonal five-year averages.

OPEC+ Decisions

OPEC production increased by 1.16 million bpd in July to 19.44 million bpd, signaling a relaxation of supply constraints.

Geopolitics

Ongoing disruptions from a US-Iran war are causing inventory drawdowns in certain regions, providing a persistent risk premium despite supply gains.

Technical Indicators

Brent

91.51

WTI

84.55

Murban*

92.01

MA 20

88.30

MA 50

83.83

MA 200

82.02

RSI 14

51.3

MACD

1.108

MACD Sig

0.622

Momentum

+15.31%

DXY

99.67

DXY Δ

+0.00%

Daily

+0.70%

Weekly

+2.92%

Monthly

+2.57%

*Murban est. from Brent + typical premium.

Forecast History & Accuracy

No resolved forecasts yet — accuracy will appear as forecasts mature.

AI-generated market analysis. Not financial advice.