Crude Oil Prices May Fall Further Next Week, Brent Could Slip To $90–92 As Supply Pressure Mounts
New Delhi: Crude oil prices could extend their decline next week, with Brent crude potentially slipping to $90–92 per barrel as rising global supplies and swelling US inventories outweigh geopolitical tensions in West Asia. Analysts expect oil markets to remain volatile, although the near-term outlook continues to favour sellers amid concerns over a global supply surplus. Brent Faces Further…
Crude oil prices are expected to continue their decline in the coming week, with Brent crude potentially falling to $90–92 per barrel as rising global supplies and swelling US inventories outweigh geopolitical tensions in West Asia. Analysts anticipate oil markets to remain volatile, with a near-term outlook favoring sellers due to concerns over a global supply surplus.
OPEC+ output increased by nearly 1.96 million barrels per day in October, while US crude inventories rose by 4.66 million barrels, intensifying concerns over excess supply.
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