New Delhi: Brent crude oil prices are expected to rise to USD 80 per barrel in the coming months as tensions between the United States and Russia threaten to disrupt the global oil supply chain, highlighted oil market experts in conversation with the media.
Oil prices may face upward pressure as geopolitical risks increase.
NS Ramaswamy, Head of Commodities & CRM at Ventura, said, “Brent Oil (Oct’25) from USD 72.07 has a short-term target of USD 76. Year-end 2025 could reach USD 80-82. Downside support and cap at USD 69. U.S. President Donald Trump has given Russia a deadline of 10-12 days to end the war in Ukraine, failing which it runs a risk of additional sanctions and secondary tariffs of 100 percent on countries trading with Russia, which would push the oil prices higher.”
This move by US President Trump could further increase oil prices, as countries dependent on Russian crude would face a difficult choice between buying cheaper oil and facing heavy export tariffs to the US.
For WTI Crude Oil (Sep’25), experts expect a short-term target of USD 73 from the current level of USD 69.65. The price could rise to USD 76-79 by the end of 2025, while the downside support is at USD 65.
Experts said such developments could disrupt the global oil market. A supply shock may result from reduced spare production capacity, which would likely push oil prices higher through 2026.
The dilemma remains that President Trump wants lower oil prices, but a quick increase in US oil production is not possible, as it involves infrastructure.
