US EditionOil Prices Dip as OPEC+ Boosts Supply
19 Articles
19 Articles
Oil Prices Dip as OPEC+ Boosts Supply
Crude oil prices began trading with a loss this week as traders anticipated another OPEC+ supply boost next month at a rate of 411,000 barrels per day, taking the cumulative increase this year to 1.78 million barrels daily, according to preliminary reports. At the time of writing, Brent crude was trading at $67.63 per barrel, with West Texas Intermediate at $65.23 per barrel, following Reuters reporting over the weekend that OPEC+ was going to e…
The price of Brent crude oil could reach $60 a barrel by early 2026, according to a recent forecast published by Morgan Stanley, cited by Reuters. The analysis predicts a gradual decline in prices, fueled by a solid supply in the global market and a reduction in geopolitical tensions, especially after the de-escalation of the conflict between Israel and Iran. According to analysts at the American bank, in 2025-2026, a steady increase in oil prod…
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