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7h agoOil Faces Second Weekly Decline Amid Growing Glut Concerns
Oil prices are on track for a second consecutive weekly decline, driven by concerns over a growing supply glut. Brent crude is trading below $60 per barrel, down more than 2% for the week, while West Texas Intermediate is hovering around $56 per barrel. Traders and analysts, including industry leader Trafigura, are forecasting an oversupplied market heading into 2026, with the Brent benchmark expected to remain in the $50 range until mid-2026.
Companies:
- Trafigura
Tags:
- Oil Prices
- Brent
negative
7h agoOil Faces Second Weekly Decline Amid Growing Glut Concerns
Oil prices are on track for a second consecutive weekly decline, driven by concerns over a growing supply glut. Brent crude is trading below $60 per barrel, down more than 2% for the week, while West Texas Intermediate is hovering around $56 per barrel. Traders and analysts, including industry leader Trafigura, are forecasting an oversupplied market heading into 2026, with the Brent benchmark expected to remain in the $50 range until mid-2026.
Companies:
- Trafigura
Tags:
- Oil Prices
- Brent
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1 min read
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Oil prices are set for a second weekly drop as concerns over an oversupply dominate, with predictions of low prices for Brent and WTI into 2026.
Oil prices are on track for a second consecutive weekly decline, driven by concerns over a growing supply glut. Brent crude is trading below $60 per barrel, down more than 2% for the week, while West Texas Intermediate is hovering around $56 per barrel. Traders and analysts, including industry leader Trafigura, are forecasting an oversupplied market heading into 2026, with the Brent benchmark expected to remain in the $50 range until mid-2026.
Oil prices are on track for a second consecutive weekly decline, driven by concerns over a growing supply glut. Brent crude is trading below $60 per barrel, down more than 2% for the week, while West Texas Intermediate is hovering around $56 per barrel. Traders and analysts, including industry leader Trafigura, are forecasting an oversupplied market heading into 2026, with the Brent benchmark expected to remain in the $50 range until mid-2026.
Companies:
- Trafigura
Tags:
- Oil Prices
- Brent
- Oil Prices
- Brent
- WTI
- Supply Glut
- Oil Market
- Trafigura
Dec 19, 2025 • 08:30