Brent crude oil price rises after Houthi drone attack: XBR shows continued buyer support

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Brent oil jumps 2.06% to $111.87

Highlights

A Houthi drone attack on the Shaybah oil field has intensified concerns over Middle East Brent crude oil supply stability.
The U.S. Energy Department is lending emergency heating oil from its reserve and the IEA stands ready to deploy strategic petroleum reserves to address market disruptions.
Brent crude trades in a bullish structure with strong buying pressure, forecast to consolidate between $110.12 and $113.62 over the next 2 to 3 sessions.

Houthi attack and U.S. reserve loan fuel supply risk buying

A recent Houthi drone attack on the Shaybah oil field has intensified worries over Middle East supply stability, directly impacting Brent crude oil availability. In response to ongoing regional conflicts and associated diesel shortages, the U.S. Energy Department has moved to lend a significant portion of its emergency heating oil reserve, a step that, according to FinanceFeeds, is designed to stabilize short-term supply routes. Meanwhile, the IEA signaled its readiness to deploy strategic petroleum reserves rapidly, aiming to counterbalance any sudden market disruptions. Together, these supply-side measures and heightened regional risks are reinforcing buying activity in global Brent markets.

Momentum remains bullish as XBR trades above technical support

Technically, XBR is above the MA-20 at $110.56 and MA-50 at $109.66, with price well clear of the MA-200 at $94.26. The Ichimoku Kijun level at $110.1 stands as immediate support. Momentum indicators are broadly positive: MACD is showing Buy, ADX is neutral, and RSI reflects a Buy bias while staying below the overbought threshold. CCI is also indicating Buy, Stoch RSI is neutral, and Bull/Bear Power signals dominant buyer pressure. The Awesome Oscillator is consistent with the ongoing uptrend.

Bullish breakout risk rises as consolidation zone holds

Looking ahead to the next 2-3 sessions, XBR is expected to consolidate between $110.12 and $113.62. The probability of an upward move is very high—over 80%—while downside risk remains low. Consolidation in this band forms the baseline scenario, but a sustained break above $113.62 could trigger further bullish momentum, whereas a drop below the $110.1 support zone would be needed to initiate a bearish scenario.

Viktoras Karapetjanc, expert at Traders Union, sees macro and geopolitical risks keeping Brent crude prices elevated in the near term. He believes coordinated action from the US and IEA is bolstering market confidence and helping to steady energy sentiment. Technical momentum and recent news both support further strength. Karapetjanc expects consolidation above $110. "As long as regional tensions persist and supply-side support remains firm, I expect buyers to stay in control of Brent — any pullback towards $110 looks like an opportunity, not a reversal."

Earlier, analysts noted that rising oil prices compounded by geopolitical stressors, were fueling broader inflation concerns and adding volatility to global markets. The current technical setup and heightened supply risks indicate that Brent crude remains poised for a potential breakout, with $113.62 emerging as a key resistance level to watch for renewed bullish momentum.

Source of Data: XBR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.