StanChart: Oil Market Rebalances as Oversupply Fears Fade Into 2026 ...Middle East

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StanChart: Oil Market Rebalances as Oversupply Fears Fade Into 2026
source : OILPRICE ( Middle East ) () 16
The oil price rally has finally run out of steam, with oil prices declining for the first time in three days, with the selection of Kevin Warsh as the next U.S Federal Reserve chair (expected to be more dovish than Jerome Powell), the notable ratcheting down of rhetoric between the U.S. and Iran, a business-as-usual OPEC+ meeting and reduction in the U.S. tariff rates on India all acting against oil prices. However, the biggest catalyst was Iran’s revelation that it will hold talks with the United States, easing fears of imminent strikes…

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