CRUDE OIL Weekly Special Report based on 1 Lot Calculation:
STATISTICS (2021-2025):
- BREAKING (OCTOBER 29): THIS IS THE 4TH TIME SINCE 2021 CRUDE OIL HAS TESTED LEVELS BELOW $60.
- CRUDE OIL PRICE HAS TESTED $60 OR NEAR (2021 – 2025): 8 Times.
- CRUDE OIL PRICE HAS TESTED LEVELS BELOW $60 (2021- 2025): 3 Times.
- AVERAGE REGION TO TEST WHEN RECOVERY TAKES PLACE: $65 - $70 Region.
GRAPH (Daily): February 2021 – October 2025
Please note that past performance does not guarantee future results
EVENTS:
- SUNDAY, NOVEMBER 2: EIGHT OPEC+ MEMBERS (V8) MEETING (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman) TO DECIDE ON OIL PRODUCTION LEVELS IN DECEMBER. OPEC+ has agreed to accelerate oil production hikes for eight consecutive months, raising output in November by 137,000 barrels a day.
OPEC+ STILL TO MAINTAIN CUTS: OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, is still cutting output by around 3.1 million bpd (down from the previous 5.86 million), and many of the cuts are due to remain in place until the end of 2026.
GEOPOLITICS: CHINA – USA TRADE PROGRESS
- BREAKING (THURSDAY, OCTOBER 30): US PRESIDENT TRUMP AND CHINA PRESIDENT XI REACHED A RARE EARTH METALS DEAL; TRUMP CUTS FENTANYL TARIFFS ON CHINA TO 10% AND TOTAL TARIFFS ON CHINA TO 47%. According to Reuters, that was the first time that the two leaders had met in six years, and the meeting lasted one hour and 40 minutes.
- USA AND CHINA TOGETHER ARE RESPONSIBLE FOR MORE THAN 30% OF TOTAL OIL AND PETROLEUM CONSUMPTION IN THE WORLD. The USA consumes around 23 million barrels a day of oil, while China consumes around 16 million barrels of oil per day. Global demand for oil stands at a little over 100 million barrels a day.
GEOPOLITICS: UKRAINE – RUSSIA CONFLICT
- BREAKING NEWS (OCTOBER 22): U.S.A. ANNOUNCED OIL SANCTIONS ON RUSSIA. According to the BBC, the USA announced sanctions targeting the largest Russian oil producers and exporters, Rosneft and Lukoil.
EXPORTS: LUKOIL AND ROSNEFT EXPORT 3.1 MILLION BARRELS A DAY OR AROUND 60% OF TOTAL RUSSIAN OIL EXPORTS. This is around 3%-4% of the total global supply.
PRODUCTION: ROSNEFT PRODUCES AROUND 5 MILLION BARRELS A DAY OR 50% OF TOTAL RUSSIAN OIL OUTPUT. This is roughly around 5%-6% of total global output.
LUKOIL PRODUCES AROUND 2 MILLION BARRELS A DAY OF OIL, OR AROUND 20% OF RUSSIAN TOTAL OIL OUTPUT. This is roughly around 2%-3% of total global output.
Crude Oil, October 30, 2025
Current Price: 60.00
|
Crude Oil |
Weekly |
|
Trend direction |
|
|
70.00 |
|
|
66.00 |
|
|
63.00 |
|
|
57.50 |
|
|
57.00 |
|
|
56.00 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Crude Oil |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
10,000 |
6,000 |
3,000 |
-2,500 |
-3,000 |
-4,000 |
|
Profit or loss in €² |
8,610 |
5,166 |
2,583 |
-2,152 |
-2,583 |
-3,444 |
|
Profit or loss in £² |
7,573 |
4,544 |
2,272 |
-1,893 |
-2,272 |
-3,029 |
|
Profit or loss in C$² |
13,942 |
8,365 |
4,183 |
-3,486 |
-4,183 |
-5,577 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 09:00 (GMT) 30/10/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop techniques could protect the profit.