Oil Prices Decline, 20% Rise Expected in July

In the oil market, prices fell on the last trading day of the week as supply through the Strait of Hormuz increased. This development somewhat eased supply concerns in the market, putting pressure on prices. However, the monthly outlook is quite different. Brent and WTI crude oil barrel prices gained approximately 20% in July due to ongoing geopolitical risks. This rise was driven by heightened concerns over supply security amid tensions in the region. On a weekly basis, prices declined as flows through the Strait of Hormuz returned to normal. Investors continue to closely monitor geopolitical developments as well as global demand signals. Experts note that this volatility in oil prices may persist depending on the course of regional risks. Market participants are positioning themselves by evaluating data on the supply-demand balance in the coming period. This is not investment advice.

📊 BRENT — Piyasa Yorumu

▼ down · 65%

Brent crude oil fell 2.2% in the latest session to $87.8. Although the RSI at 36 approaches oversold territory, momentum remains weak. The MACD is in negative territory and below the signal line, suggesting that short-term pressure may persist. The price is trading below both the 20-day and 50-day moving averages, which keeps the technical outlook bearish. While the headline '20% increase expected in July' reflects market expectations, current technical indicators support a downward trend in the near term.

RSI 14

36.2

MACD

-0.34

24h Δ

-2.22%

📊 WTI — Piyasa Yorumu

▼ down · 65%

WTI crude oil fell 1.6% over the last 24 hours to $82.08. The RSI at 34.27 is approaching oversold territory, suggesting that the decline may continue in the short term. MACD is in negative territory and below the signal line, indicating weak momentum. The price is below both the SMA20 and SMA50, reflecting a weak technical outlook. Despite news headlines expecting a 20% increase in July, current technical indicators are exerting downward pressure in the near term.

RSI 14

34.3

MACD

-0.21

24h Δ

-1.62%

📊 XOM — Piyasa Yorumu

■ neutral · 55%

The headline highlights an expected 20% increase in oil prices in July, despite a short-term decline. This situation creates mixed signals for energy sector stocks. Technical indicators show XOM's RSI at 57, in neutral territory, with MACD remaining above its signal line. The price is trading above the 20-day and 50-day moving averages, providing short-term support. However, the decline in oil prices could pressure the stock, so no clear directional signal is emerging.

RSI 14

57.2

MACD

0.50

24h Δ

1.23%

📊 CVX — Piyasa Yorumu

■ neutral · 55%

The headline suggests a 20% increase in oil prices in July despite a short-term decline. This presents mixed signals for energy sector stocks. Technical indicators show RSI at 56, in neutral territory, while MACD is above the signal line but with weak positive momentum. The price is above the SMA20 but just below the SMA50, indicating a short-term balance. Combining the news expectation with the technical outlook, there are no strong signals to anticipate a clear directional move in the 1-3 day timeframe.

RSI 14

56.3

MACD

0.10

24h Δ

0.38%

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