Crude oil prices slipped, heading toward a weekly drop of nearly 3%. The market reacted to forecasts of supply surpluses next year by the IEA, even as geopolitical developments emerge. A new meeting between Trump and Putin may shift risk perceptions. Brent futures edged down, and U.S. benchmarks followed suit amid increasing uncertainty over demand vs supply balance.
neutral
2 days ago
Oil set for weekly loss as supply fears intensify
Crude oil prices slipped, heading toward a weekly drop of nearly 3%. The market reacted to forecasts of supply surpluses next year by the IEA, even as geopolitical developments emerge. A new meeting between Trump and Putin may shift risk perceptions. Brent futures edged down, and U.S. benchmarks followed suit amid increasing uncertainty over demand vs supply balance.
neutral
Oil set for weekly loss as supply fears intensify
2 days ago
1 min read
58 words
Oil prices decline on outlook for supply glut despite geopolitical risks.
Crude oil prices slipped, heading toward a weekly drop of nearly 3%. The market reacted to forecasts of supply surpluses next year by the IEA, even as geopolitical developments emerge. A new meeting between Trump and Putin may shift risk perceptions. Brent futures edged down, and U.S. benchmarks followed suit amid increasing uncertainty over demand vs supply balance.
Crude oil prices slipped, heading toward a weekly drop of nearly 3%. The market reacted to forecasts of supply surpluses next year by the IEA, even as geopolitical developments emerge. A new meeting between Trump and Putin may shift risk perceptions. Brent futures edged down, and U.S. benchmarks followed suit amid increasing uncertainty over demand vs supply balance.