Oil prices began the new year without much movement as traders struggled to cope with a combination of geopolitical risks and concerns about the remaining supply. Brent crude is trading at $60.81 per barrel in 2026while American WTI fell slightly to 57,39 USD. They have passed both main benchmarks nejhor�� different v�kon from 2020p�i�em� in 2025, they wrote off 20% of the value. The main factors behind the drop in prices in the past year were mainly concerns about oversupply and the impact of trade barrierskter� p�ev�ily and over geopolitical�mi na�t�mi. For Brent, it was already the third decline in �ad�which is the longest losing streak in its history. However, geopolitical risks remain significant:
V�lka na Ukrajin� continues despite diplomatic efforts led by US President Trump. Ukraine has intensified flows to Russian energy infrastructure to weaken the financing of the Russian military.
The United States tightened sanctions on Venezuelawhen they imposed new restrictions on four companies and their oil tankers. IN Persk�m z�livu escalating tensions between Saudi Arabia and the UAE over the situation in Yemen, which led to the closure of the Aden airport. With the voltage is expected i virtual meeting of the OPEC+ groupwhich will take place on January 4. Analysts expect that the cartel will leave production unchanged at least in the first quarter��m� could be created supportive basis for oil prices. From a fundamental point of view, however the oil market remains under pressure. Analysts, including experts from DBS and Phillip Nova, point to p�evahu dlouhodob�ch faktor� vedouc�ch k p�ebytku nab�dky a slab�mu r�stu popt�vky mimo ��nu. Pr�v� ��nsk� budov�n� strategick�ch z�sob is one of the elements that currently supports the market.
Graf OIL.WTI (H1)
The price of WTI oil is found in short-term downward trendwhen it is currently trading at �level 57.16 USD per barrel. The market fell below the moving averages EMA 50 (57,73 USD) a SMA 100 (57,84 USD)co� zna�� loss of buyer dynamics increasing downward pressure.CCI fell deep into negative territory, currently hovering around the value -134which� confirms oversold market condition and the probability of a short-term consolidation or technical rebound will increase. The momentum is weakening and indicates a loss of strength of the previous bullish attempt, which was quickly swept away at the $58.50 level. Volume candles are pointing to increased activity during the last downturnwhich confirms the weight of sales pressure. For further development, the key will be to watch if the price holds above the support level around $57.00 – breaking it could open the way to a test of $56.50. On the contrary A return above EMA 50 would be the first signal of stabilizationbut as long as the price stays below the moving averages, it prevails medv�d� sentiment.
Source: xStation5
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