Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (17th - 21st November 2025)

Crude oil prices traded cautiously this week, with negative fundamentals outweighing short-term risk factors. While geopolitical tensions and the end of the US government shutdown provided some brief comfort, the market remained focused on rising global stockpiles, shifting supply-demand projections from OPEC and the IEA, and the widespread belief that supply continues to outstrip demand. The most immediate bearish catalyst came from U.S. stockpile data. The Energy Information Administration (EIA) reported a massive 6.4 million barrel build in domestic crude inventories for the week ending November 7, far exceeding analyst expectations of a 1.96 million barrel increase. The American Petroleum Institute (API) had earlier flagged a 1.3 million barrel build, but the EIA’s number confirmed growing concerns about a supply glut.

Crude oil price has been traded back & forth over the course of the week, rebounded marginally from the support of 5157 towards weekend and closed on a positive note at 5344. Crude oil price has corrected marginally from 5424 level in the mid-week. On Weekly chart, price has formed a Bullish spinning top candle which signifies an indecision among the traders towards expiry. Here, price is trading within a Symmetric triangle formation and stabled over 20-DEMA level placed at 5328. Key resistance would be at 50 and 100-DEMA levels placed at 5408 and 5503 respectively. The momentum indicator, RSI is trailing within the range of 45–55 in 4-hourly, Daily as well as Weekly chart.

Overall, the trend in crude oil remains Sideways towards expiry and Crude oil price may trade in the broad range of 5150–5350.

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Prediction given by Technical Research Team - Choice.