Crude Oil Forecast: Slips as Supply Concerns Grow – 10 October 2025
Crude oil declined on Thursday amid oversupply concerns and a strengthening US dollar, with traders watching key support near the $60 level for direction.

Crude oil declined on Thursday amid oversupply concerns and a strengthening US dollar, with traders watching key support near the $60 level for direction.
Tesla eased lower on Thursday in a quiet, sideways session, with markets consolidating ahead of its upcoming October 22 earnings call and key resistance levels in play.
Silver rallied to the critical $50 level before sharply reversing on Thursday, highlighting intense volatility and signaling potential short-term exhaustion.
Gold is looking to build on Thursday’s late rebound as buyers aim for the key $4,000 level once again early Friday, snapping the corrective decline from lifetime highs of $4,059 set on Wednesday.
EUR/USD remained on the defensive for the fourth consecutive day on Thursday, extending its weekly bearish tone and slipping back to the mid-1.1500s, or nine-week lows.
Spot Gold retreated from the record high of $4,059.36 posted on Wednesday, and plunged below the $4,000 mark in the American session.