Oil market experts say Brent crude oil prices may rise to $80 per barrel in the coming months. This is mainly due to rising tensions between the United States and Russia.
The prediction follows a warning by US President Donald Trump, who set a deadline for Russia to end the war in Ukraine. He also threatened more sanctions, including up to 100% tariffs on countries that continue trading with Russia.
NS Ramaswamy, Head of Commodities at Ventura, said Brent oil (for October 2025 delivery) has already increased from $72.07 and may reach $76 soon. He believes that by the end of 2025, Brent prices could be between $80 and $82, with support at $69.
Energy expert Narendra Taneja warned that prices could rise even more sharply if Russian oil is removed from the global market. Russia currently supplies 5 million barrels of oil per day worldwide. If that supply stops, oil prices could jump to $100–$120 per barrel.
Although Indian oil refiners buy crude from about 40 different countries, losing access to cheaper Russian oil could make it harder to keep prices low for Indian consumers.
As for WTI Crude Oil (September 2025), prices are currently around $69.65. Experts expect it to rise to $73 in the short term and possibly up to $76–$79 by year-end. Support is expected at $65.
This possible price hike comes at a time when global oil production capacity is already tight. Even if countries like Saudi Arabia increase their production, it may not be fast or large enough to meet short-term demand.
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Experts also say that while President Trump wants cheaper oil, the US cannot quickly increase its own oil output because it takes time, money, and resources.
Some recent agreements, like the US-EU trade deal and a US-China truce, have helped steady oil markets a bit. But ongoing global tensions, uncertain US oil inventories, and interest rate decisions will likely keep oil prices unstable.
Although a stronger US dollar has helped control prices slightly, the overall trend suggests prices could continue rising due to geopolitical risks and possible supply shortages.
