Oil Prices Could Break Through 125 US Dollars, Analyst Predicts Sharp Surge Next Week
JAKARTA, KOMPAS.com - Global oil prices are projected to continue their upward trend in the near future, even potentially surging to 125 US dollars per barrel. This projection emerges amid the escalating war in the Middle East, which is pressuring global energy supplies.
Currency and commodity analyst Ibrahim Assuaibi estimates that global crude oil prices will strengthen in the coming week, with a fairly wide trading range.
For the type of crude oil traded domestically, Ibrahim predicts the support level at around 92.3 US dollars per barrel. Meanwhile, the resistance is at 112.2 US dollars per barrel.
According to him, as long as the price holds above that support area, the chance of strengthening remains open in the short term.
“Global crude oil, the first one being the crude oil commonly traded domestically. That crude oil is likely to have a range of 92,300 US dollars per barrel in one week. Remember, 92,300 US dollars per barrel is the support,” said Ibrahim to reporters on Sunday (29/3/2026).
“The resistance is 112,200 US dollars per barrel. And it’s likely that oil prices will strengthen next week,” he explained.
Ibrahim even projects that this upward trend could continue more aggressively in the following week, reaching 125 US dollars per barrel.
“Extraordinary, Brent crude oil is most likely to rise quite sharply and is estimated to reach 125 US dollars per barrel in the next week,” he emphasised.
Global oil prices closed at their highest level in more than three years on Friday (27/3/2026) local time, amid market concerns over potential supply disruptions in the Middle East.
The rise in global oil prices occurred despite US President Donald Trump shifting his approach to negotiations with Iran, which is deemed insufficient to alleviate market worries.
Meanwhile, the global benchmark Brent oil strengthened by 4.22 percent to 112.57 US dollars per barrel.
That level marks the highest since July 2022, when Russia’s invasion of Ukraine shook global energy markets. During the trading session, US oil prices briefly touched a daily high of 100.04 US dollars per barrel before a slight correction. On a weekly basis, WTI contracts rose about 1 percent, while Brent remained relatively stagnant.
Trump’s move to grant Iran a 10-day extension to reopen the strategic Strait of Hormuz has not yet eased market concerns.
In a social media post on Thursday (26/3/2026), Trump stated that talks with Iran were going very well.
He described the discussions as positive, “despite conflicting statements from Fake News Media and other parties.”
As part of that policy, Trump also announced a temporary halt to attacks on Iranian energy infrastructure until 6 April 2027.
However, Iran has yet to respond to the latest statement.