US EditionCan Brent Crude Hold the Line Above $60 as a 2026 Glut Looms?
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Can Brent Crude Hold the Line Above $60 as a 2026 Glut Looms?
Oil prices are limping into the final weeks of 2025 with Brent crude hovering just above $60 a barrel and traders fixated on one word: oversupply. As of Friday, December 12, Brent settled at about $61.12 per barrel and WTI at $57.44, both benchmarks down more than 4% for the week and sitting near their lowest levels in several years. [1] At the same time, big agencies and Wall Street banks are rolling out fresh forecasts that increasingly point …
Crude Oil Ends Week Lower As Surplus Concerns Weigh On Prices
Crude oil prices closed lower last week as markets continued to price in signs of oversupply and easing geopolitical risk. Oil traders remained focused on supply-side developments, with rising production levels and ample inventories reinforcing concerns that the market could move into surplus in the coming months. Expectations of higher output from major producers, combined […] The post Crude Oil Ends Week Lower as Surplus Concerns Weigh on Pric…
Oil prices fell on Friday and closed the week lower. Market developments were mainly influenced by growing expectations that an agreement will be reached in the conflict between Russia and Ukraine that would lead to the end of sanctions on the Russian oil sector and an increase in oil supplies to the markets, Reuters reports. Gasoline fell below the psychological level of 1.50 euros. Analyst predicts further price declines A barrel of US West T…
The manager is rigging the portfolio for a possible peace agreement in Ukraine.
Oil Prices Close Lower on Oversupply Concerns
By Adedapo Adesanya Oil prices closed lower on Friday as a supply glut and a potential Russia-Ukraine peace deal outweighed worries about any impact from the US seizure of an oil tanker near Venezuela. Brent crude went down by 16 cents to trade at $61.12 a barrel and the US West Texas Intermediate (WTI) crude also
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