Oil prices slid sharply as surplus fears intensified, pushing Brent below $60 per barrel, though supply risks and falling US Crude inventories offered limited near-term support, ING's commodity ...

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Oil settles below $60 a barrel on hopes of Russia-Ukraine peace deal

While Opec has reined in its growth plans, and supply fell last month because of sanctions on Russia and Venezuela, the IEA still expects a surplus of 3.7mn b/d of oil on average in 2026, an even ...

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Oil Falls Below $55 on Signs of Surplus and Ukraine Peace Talks

Signs of weakness are proliferating across the supply side of the oil market, with Middle Eastern crude prices entering a bearish pattern known as contango early on Tuesday. On the WTI futures curve, ...

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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Test Multi-Year Lows

Brent oil tests new lows amid broad sell-off in the oil markets. At this point, Brent oil lacks positive catalysts. A move below the $59.00 level will push Brent oil towards the support at $56.50 – ...

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Brent Breaks Below $60 on Oversupply Fears

Brent crude broke below $60 per barrel on Tuesday as traders continue to weigh the risk of significant oversupply in 2026 ...

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