
In my October 28, 2025, recap of the energy sector in Q3 on Barchart, I concluded with:
Crude oil is the leading energy commodity that continues to power the world. U.S. energy policy, OPEC+ production increases, seasonality, and the potential for a more peaceful Middle East favor lower crude oil prices in Q4. A move below the $55.12 critical technical support on the continuous NYMEX crude oil futures contract could ignite substantial technical selling, leading to a test of the $50 per barrel level, or lower. Oil products, coal, and ethanol are likely to follow crude oil prices over the coming weeks and months.
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