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Indonesia News Portal for Traders | Financial & Business Updates

1 September 2025 18:35  |

Oil Prices Rise, Markets Remain Uneasy

Oil prices rose about 1% on Monday (September 1st) as a weaker dollar and Russia-Ukraine tensions threatened supply, with Brent at $67.97 and WTI at $64.66. Despite the gains, the market remains clouded by the OPEC+ supply surplus and weakening global demand.

Looking ahead, analysts estimate a supply glut of up to 1.6 million barrels per day by the fourth quarter of 2025. Investors are now focused on the OPEC+ meeting and US employment data, which could influence interest rate policy and commodity demand.

Oil prices at the time of writing were at $67.19/Toz.

- Buy if the price moves around $68.03

- Sell if the price moves around $67.92

 

Resistance 2: $68.13

Resistance 1: $68.03

 

Support 1: $67.92

Support 2: $67.82

DISCLAIMER

Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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