kumocast

Brent Crude Oil Price Prediction Today (BRENT) – November 1, 2026

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Alex Wu, Independent market analystModel by · auto-updated
Futures market closed · opens in 1 h 40 min – showing the 24/7 Hyperliquid (trade.xyz) price

Brent Crude Oil price: $111.95

−0.09% 24h

Partly sunny

slightly bullish · confidence 56%

Brent Crude Oil analysis today

Brent Crude Oil leans higher today, but the signals are not unanimous. Brent Crude Oil is trading at $111.95, down 0.09% over the last 24 hours, after moving between $111.57 and $112.50.

Our model's mood score is +22 out of 100 (slightly bullish). The nearest ceiling (resistance) is $112.19 and the nearest floor (support) is $111.51. For the next 24 hours we expect Brent Crude Oil to stay roughly between $110.54 and $113.55.

A break above $112.19 would open the way towards $112.56. If $111.51 gives way, Brent Crude Oil could slide towards $111.33. Brent Crude Oil in brief – Brent is the global oil benchmark; it moves with OPEC+ supply, shipping routes and demand from Europe and Asia.

Over the past week Brent Crude Oil has gained 1.20%, and over the past month it has gained 9.32%. With an average daily swing of 1.72%, the 0.21% gap to the ceiling and the 0.40% gap to the floor are both within reach today.

See all gold, silver & oil price predictions today →Related: GBP/USD forecast

Brent Crude Oil chart: last 48 hours and next 24

Real BRENT price (solid line) and the 24-hour forecast range (shaded). The cone widens because uncertainty grows with time.

NowCeiling$112.19Floor$111.5100:0012:0000:0012:0000:0012:00UTC

Forecast ranges: 4 hours, 24 hours, 7 days

Each balloon stretches from the expected low to the expected high. Longer trips need bigger balloons.

Now $111.95$112.60$111.37Next 4 hours$113.55$110.54Next 24 hours$117.45$107.24Next 7 days
  • Next 4 hours: $111.37 – $112.60
  • Next 24 hours: $110.54 – $113.55
  • Next 7 days: $107.24 – $117.45

Buyers vs sellers

Buyers versus sellers over the last day, measured by the value traded in up-candles and down-candles.

Sellers 55%Buyers 45%

Buyers 45% · Sellers 55% (last 24h)

Order-book mountains

Resting buy and sell orders within 2% of the price, shown as two mountains. Flags mark the biggest walls.

$110.83$111.67$111.39Buy orders$112.23$112.51$113.35Sell orders

Sunny vs rainy: what happens next?

Two ways the next move could go, with the chance our model gives each.

Sunny scenario

If $111.95 breaks above $112.19 → $112.56

57%

Rainy scenario

If it breaks below $111.51 → $111.33

43%

Mood dials

Seven classic indicators, each read as bullish, neutral or bearish.

  • RSI (14, daily)

    67

    Bullish

    buyers have the upper hand

  • MACD (4h)

    Below signal

    Bearish

    momentum is pointing down

  • Trend (EMA 20/50, 4h)

    Uptrend

    Bullish

    short trend is above the medium trend

  • Long trend (EMA 200, daily)

    Price above

    Bullish

    long-term trend is up

  • Stochastic (4h)

    21

    Bullish

    turning up

  • Trend strength (ADX)

    24

    Neutral

    no strong trend – range trading

  • Bollinger position (daily)

    78%

    Neutral

    inside the normal band

  • What the dials say

    4 of 7 indicators lean bullish and 1 lean bearish. RSI (14, daily): buyers have the upper hand; MACD (4h): momentum is pointing down; Trend (EMA 20/50, 4h): short trend is above the medium trend.

Hour-by-hour weather

Hour-by-hour weather so far: sun for rising hours, rain for falling ones.

  1. 09:00Cloudy−0.12%
  2. 10:00Cloudy−0.12%
  3. 11:00Cloudy+0.13%
  4. 12:00Light rain−0.14%
  5. 13:00Cloudy+0.05%
  6. 14:00Cloudy+0.09%
  7. 15:00Light rain−0.14%
  8. 16:00Cloudy+0.04%
  9. 17:00Light rain−0.22%
  10. 18:00Partly sunny+0.15%
  11. 19:00Cloudy+0.03%
  12. 20:00Cloudy+0.04%

Today in one line: 1 of the last 12 hours were bright for Brent Crude Oil; the day is net negative so far.

The sun's path: trading sessions

The sun's path through today's sessions: Asia, London and New York.

AsiaLondonNew York

  • Asia

    Done

    High $112.39 · Low $112.04

    −0.16%

  • London

    Done

    High $112.26 · Low $111.87

    −0.04%

  • New York

    Done

    High $112.12 · Low $111.57

    −0.25%

Brent Crude Oil 7-day forecast

Our 7-day outlook for Brent Crude Oil: a likely range and a mood for each day.

likely rangeprice now▲ / ▼ change of the range middle vs now

  1. MondayNov 2

    Partly sunny – likely between $110.13 and $113.98

    ▲ 0.08%
  2. TuesdayNov 3

    Partly sunny – likely between $109.43 and $114.88

    ▲ 0.15%
  3. WednesdayNov 4

    Cloudy – likely between $108.92 and $115.59

    ▲ 0.23%
  4. ThursdayNov 5

    Cloudy – likely between $108.50 and $116.21

    ▲ 0.30%
  5. FridayNov 6

    Cloudy – likely between $108.14 and $116.77

    ▲ 0.38%
  6. SaturdayNov 7

    Cloudy – likely between $107.83 and $117.29

    ▲ 0.45%
  7. SundayNov 8

    Cloudy – likely between $107.54 and $117.78

    ▲ 0.53%

Brent oil price prediction 2026–2030

Long-term scenarios from pure statistics: Brent Crude Oil's yearly volatility is about 40% and its trend was +58.98% over the past year. The base case keeps only a small, capped part of that trend; the bear and bull cases show the 10% and 90% edges of the likely spread.

Year endBear caseBase caseBull case
2026$93.0197$114.50+2.28%$140.94
2027$75.4253$131.59+17.54%$229.56
2028$70.7766$151.28+35.13%$323.34
2029$69.3917$173.85+55.29%$435.56
2030$69.6643$199.79+78.47%$573.00

Price today: $111.95 (black line). Nobody can know where Brent Crude Oil will trade in five years – these ranges show how far it could plausibly travel given its own history, not a promise. Not financial advice.

How accurate is our Brent Crude Oil forecast?

We replay the daily version of the Kumocast range model on the last 30 finished days, using only data that was available before each day. A good one-standard-deviation range should catch the next close about 68% of the time.

90%Next-day range hit rate27 of 30 days closed inside the range (target ≈68%)
97%7-day range hit rate29 of 30 weekly ranges held
±2.1%Average daily rangehow wide the next-day range was on average – narrower means a calmer market

Last 30 days

  1. 2026-10-02: inside range
  2. 2026-10-03: inside range
  3. 2026-10-04: inside range
  4. 2026-10-05: inside range
  5. 2026-10-06: inside range
  6. 2026-10-07: inside range
  7. 2026-10-08: inside range
  8. 2026-10-09: inside range
  9. 2026-10-10: inside range
  10. 2026-10-11: inside range
  11. 2026-10-12: inside range
  12. 2026-10-13: inside range
  13. 2026-10-14: inside range
  14. 2026-10-15: inside range
  15. 2026-10-16: outside range
  16. 2026-10-17: inside range
  17. 2026-10-18: inside range
  18. 2026-10-19: inside range
  19. 2026-10-20: inside range
  20. 2026-10-21: inside range
  21. 2026-10-22: outside range
  22. 2026-10-23: outside range
  23. 2026-10-24: inside range
  24. 2026-10-25: inside range
  25. 2026-10-26: inside range
  26. 2026-10-27: inside range
  27. 2026-10-28: inside range
  28. 2026-10-29: inside range
  29. 2026-10-30: inside range
  30. 2026-10-31: inside range

close inside the rangeclose outside

Verdict: over the last month the Brent Crude Oil ranges were a little too cautious (ranges wider than needed). Past accuracy does not guarantee future results. How we score ourselves

Why is Brent Crude Oil moving? News and events

The forecast is pure maths, but prices react to news. Here are the latest Brent Crude Oil headlines and the scheduled economic releases that could move it this week.

Latest headlines

Headlines via Google News. Kumocast does not write or endorse them.

Brent Crude Oil live update log

Every 30 minutes Kumo checks the sky again. Newest first.

z z

Market closed – next update when Futures market opens

TODAY6

  1. $111.95+0.10%Brent Crude Oil ticked up to $111.95 (+0.10%)
  2. $111.84−0.06%Brent Crude Oil eased lower to $111.84 (−0.06%)
  3. $111.91−0.01%Brent Crude Oil drifted sideways around $111.91
  4. $111.92+0.04%Quiet half hour: Brent Crude Oil held near $111.92
  5. $111.87−0.01%Calm skies: Brent Crude Oil stayed close to $111.87
  6. $111.88+0.16%Buyers lifted Brent Crude Oil to $111.88 (+0.16%)
Show all 16 updates
  1. $111.70−0.24%Dipped to a new 24h low of $111.57, closed at $111.70
  2. $111.97+0.02%Calm skies: Brent Crude Oil stayed close to $111.97
  3. $111.95+0.01%Brent Crude Oil drifted sideways around $111.95
  4. $111.94+0.04%Quiet half hour: Brent Crude Oil held near $111.94
  5. $111.90−0.01%Calm skies: Brent Crude Oil stayed close to $111.90
  6. $111.91−0.14%Brent Crude Oil slipped to $111.91 (−0.14%)
  7. $112.07+0.02%Quiet half hour: Brent Crude Oil held near $112.07
  8. $112.05+0.06%Brent Crude Oil edged higher to $112.05 (+0.06%)
  9. $111.98+0.01%Brent Crude Oil drifted sideways around $111.98
  10. $111.97+0.04%Quiet half hour: Brent Crude Oil held near $111.97

Brent Crude Oil prediction FAQ

What is the Brent Crude Oil price prediction for today?

For today we expect Brent Crude Oil to trade mostly between $110.54 and $113.55. The outlook is partly sunny (slightly bullish), with a 57% chance of the sunny scenario playing out first. This range is updated every 30 minutes.

What is the Brent Crude Oil prediction for tomorrow?

For Monday our model points to a range of $110.13 to $113.98, centred near $112.03 (+0.08% from now).

Is Brent Crude Oil going up or down?

Right now the signals are slightly bullish: 4 indicators lean up and 1 lean down. Brent Crude Oil is up 1.20% over the past week.

What are the Brent Crude Oil support and resistance levels?

The nearest resistance (ceiling) is $112.19 and the nearest support (floor) is $111.51. Today's classic pivot point is $112.14, with R1 at $112.96 and S1 at $111.51.

What is the Brent Crude Oil forecast for this week?

Over the next 7 days we expect Brent Crude Oil to stay roughly between $107.24 and $117.45. Weekly ranges are wider because uncertainty grows with time.

Is Brent Crude Oil a buy or a sell today?

We don't tell anyone to buy or sell Brent Crude Oil. Right now 4 indicators read bullish, 2 neutral and 1 bearish – use that as one input, together with your own plan and a stop-loss.

How volatile is Brent Crude Oil right now?

Brent Crude Oil has a typical daily move of about 1.72% based on the last 60 days. In the last 24 hours it moved between $111.57 and $112.50.

How accurate is this Brent Crude Oil prediction?

Think of it like a weather forecast: the 24-hour range for Brent Crude Oil is built to hold about 68% of the time. It is a probability, not a promise.

How often is this Brent Crude Oil analysis updated?

Roughly every half hour. If the main market is closed we keep showing the latest available price and say so at the top.

Where does the Brent Crude Oil price data come from?

Prices come from public exchange data (from a single public venue). See our methodology page for details.

What is the Brent Crude Oil price prediction for 2030?

Our statistical base case for the end of 2030 is about $199.79, with a wide 80% range from $69.6643 (bear case) to $573.00 (bull case). It is built from Brent Crude Oil's own volatility and a heavily shrunk version of its past-year trend, so treat it as a scenario, not a target.

Where could Brent Crude Oil be at the end of 2027?

For the end of 2027 the model's base case is $131.59 (+17.54% from today), with a bear case near $75.4253 and a bull case near $229.56. The range is refreshed every 30 minutes as new prices arrive.

Alex Wu, Independent market analyst

About the analyst

Alex Wu

Independent market analyst

Independent market analyst focused on crypto, DeFi, perps and FX. Driven by data. Alex designed the Kumocast weather model and reviews its methodology.

The numbers on this page are produced automatically every 30 minutes by the Kumocast engine – there are no hand-picked calls. Alex sets the rules, checks the accuracy tracker and updates the methodology when the model changes.

Follow @OnchainUalexwu@kumocast.io

How we make this forecast

Every 30 minutes Kumocast reads public price data and runs it through seven classic indicators, support and resistance detection and a volatility model. The weather word sums up the combined mood score, from −100 (rainy) to +100 (sunny). Ranges are statistical estimates, not promises. Read the full methodology

Data: Hyperliquid (trade.xyz)

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