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Oil Extends Retreat After 4% Tumble on Signs Glut Has Arrived

(Bloomberg) — Oil extended a decline after slumping on Wednesday on a flurry of signs that a long-awaited surplus has finally arrived.

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Financial Post

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Oil Extends Retreat After 4% Tumble on Signs Glut Has Arrived

(Bloomberg) — Oil extended a decline after slumping on Wednesday on a flurry of signs that a long-awaited surplus has finally arrived.

2 days ago·Canada

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Oil Prices Slide As OPEC Glut Fears Trump IEA's Demand Optimism

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

2 days ago·United States

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negocios.com

Oil Slips 2% Behind Opec: the Market Already Discounts Excess Supply and Record Production in the Us.

Brent’s barrel again gave up land and moved around the $64, while West Texas Intermediate (WTI) fell to the 59-60 dollar zone after OPEC kept its demand forecasts unchanged for 2025 and 2026 and admitted that the market was overstocked in the third quarter by the push of US production. The cartel’s message was clear: consumption will grow, but not enough to absorb all the crude oil that is coming to market. Traders reacted with sales.

2 days ago

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