BREAKING NEWS : oil prices will fall on Monday as a result of the US takeover Venezuela. What’s your oil price prediction for 2026?

[Litwin]

Strelnikov...

as i predicted

 

[dblack]

Amen to that!

2 questions :
a. Is Saddam Putsein the next one in line?
b. What’s your oil price prediction for 2026?

Can't care.

 

[Mack The Finger]

 

[Mack The Finger]

Can't care.

 

[Litwin]

more good news !
As 2026 begins, Moscow oil is selling at a loss.

 

[Litwin]

36$

 

[Mack The Finger]

36$

If it gets cheap enough...OMB will be buying it up and filling caves with it.

 

[Litwin]

If it gets cheap enough...OMB will be buying it up and filling caves with it.

the horde finito ?

 

[Litwin]

as i predicted - Venezuela's oil exports bounce to 800,000 bpd in January under US control, shipping data shows

 

[Litwin]

Remember when all the hippies all said the us was fighting in Iraq for thier oil and than didn't get any ?

BluesLegend​

keep pressure Mr Trump

 

[Mack The Finger]

keep pressure Mr Trump

Bob Dylan: Thas the best news I ever heard.

 

[Luckyone]

BluesLegend​

keep pressure Mr Trump

I am an expert chart evaluator of stocks and commodities. The charts usually show what the big people in-the-know are doing and if there is a trend or not.

The downtrend ended about 3 -4 weeks ago and right now Oil is in a sideways trend with no up or down of consequence being shown.

Here is my chart evaluation of Oil done yesterday 2/8/2026

OIL generated a relatively uneventful inside week. Oil did close slightly in the upper half of the week's trading range, suggesting a slightly high possibility of going above last week's high at 65.43 than below last week's low at 61.12. Nonetheless and in looking at the daily closing chart, Oil now shows a successful retest of the recent high daily close at 65.42 with a high daily close at 65.14, followed by 2 closes below that level. A daily close below 62.14 would give the edge back to the bears, while a daily close above 65.42 would keep the upside moving forward. The inability of the bulls to accomplish further upside this week (as was expected), is an additional negative. As such, right now it is not clear what is the most likely scenario but on a daily closing basis, the short-term levels are clear, with 62.14 being support and 65.42 being resistance.

Presently (today - Monday at 12:00 pm), it is trading at 64.91.

 

[Litwin]

 

[Litwin]

I am an expert chart evaluator of stocks and commodities. The charts usually show what the big people in-the-know are doing and if there is a trend or not.

The downtrend ended about 3 -4 weeks ago and right now Oil is in a sideways trend with no up or down of consequence being shown.

Here is my chart evaluation of Oil done yesterday 2/8/2026

OIL generated a relatively uneventful inside week. Oil did close slightly in the upper half of the week's trading range, suggesting a slightly high possibility of going above last week's high at 65.43 than below last week's low at 61.12. Nonetheless and in looking at the daily closing chart, Oil now shows a successful retest of the recent high daily close at 65.42 with a high daily close at 65.14, followed by 2 closes below that level. A daily close below 62.14 would give the edge back to the bears, while a daily close above 65.42 would keep the upside moving forward. The inability of the bulls to accomplish further upside this week (as was expected), is an additional negative. As such, right now it is not clear what is the most likely scenario but on a daily closing basis, the short-term levels are clear, with 62.14 being support and 65.42 being resistance.

Presently (today - Monday at 12:00 pm), it is trading at 64.91.

Recently, the U.S. took over the largest oil reserves in the world (Venezuelan). Is this a game changer? I don’t see Brent going above 40 USD by the end of this year. Do I have i point here ?

Thread 'Trump have 68 % of the world’s oil. India's Reliance buys 2 mln barrels of Venezuelan (Trump´s) oil, traders say.'

Feb 5, 2026

Bad news for khan putin & "global south" — great news for the USA and Free World. Looks like Modi's belly dance in front of Donald Trump didn't yield any results.
India and the so-called "Global South" decry British, American, European "colonialism", yet actively fund Moscow’s imperial war machine by buying discounted stolen Siberian oil. While preaching justice, they fuel Putin’s wars in Ukraine, Georgia, Belarus (hybrid), Armenia, Azerbaijan, EU and beyond. That’s not neutrality—it’s complicity.
But pressure is mounting. Every dollar cut from Urals...

• Litwin

 

[Luckyone]

Recently, the U.S. took over the largest oil reserves in the world (Venezuelan). Is this a game changer? I don’t see Brent going above 40 USD by the end of this year. Do I have i point here ?

Thread 'Trump have 68 % of the world’s oil. India's Reliance buys 2 mln barrels of Venezuelan (Trump´s) oil, traders say.'

Feb 5, 2026

Bad news for khan putin & "global south" — great news for the USA and Free World. Looks like Modi's belly dance in front of Donald Trump didn't yield any results.
India and the so-called "Global South" decry British, American, European "colonialism", yet actively fund Moscow’s imperial war machine by buying discounted stolen Siberian oil. While preaching justice, they fuel Putin’s wars in Ukraine, Georgia, Belarus (hybrid), Armenia, Azerbaijan, EU and beyond. That’s not neutrality—it’s complicity.
But pressure is mounting. Every dollar cut from Urals...

• Litwin

The fundamentals do not favor Oil heading higher at this time. Then again, Oil manufacturers want to make a profit with the least expense and that could mean that if the band together to cut production to generate higher prices, they could accomplish their goals of making more by spending less. The only thing that is required of them is to "band together" and not compete against each other (not something that is normal with humans).