Oil Prices Slump as Global Stockpiles Surge and OPEC Flags a 2026 Glut ...Middle East

Crude oil prices traded defensively this week as bearish fundamentals overshadowed short-term risk catalysts. While geopolitical tensions and the end of the U.S. government shutdown offered fleeting support, the market remained focused on rising global inventories, shifting supply-demand expectations from OPEC and the IEA, and a broader sense that supply continues to outpace demand. West Texas Intermediate (WTI) futures fell sharply midweek before stabilizing at $58.12, a level that may act as psychological support in the short term. Large U.S.…

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Last updated : 14 Nov 2025 clock 04:14 PM

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Oil Prices Slump as Global Stockpiles Surge and OPEC Flags a 2026 Glut ...Middle East

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