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BRENT CRUDE $95.88 +1.81 (+1.92%) WTI CRUDE $88.08 +1.25 (+1.44%) NAT GAS $2.95 +0.02 (+0.68%) GASOLINE $3.28 +0.03 (+0.92%) HEAT OIL $4.11 +0.04 (+0.98%) MICRO WTI $88.10 +1.27 (+1.46%) TTF GAS $62.40 -0.14 (-0.22%) E-MINI CRUDE $88.10 +1.27 (+1.46%) PALLADIUM $1,295.00 -14.8 (-1.13%) PLATINUM $1,649.50 -3.8 (-0.23%) BRENT CRUDE $95.88 +1.81 (+1.92%) WTI CRUDE $88.08 +1.25 (+1.44%) NAT GAS $2.95 +0.02 (+0.68%) GASOLINE $3.28 +0.03 (+0.92%) HEAT OIL $4.11 +0.04 (+0.98%) MICRO WTI $88.10 +1.27 (+1.46%) TTF GAS $62.40 -0.14 (-0.22%) E-MINI CRUDE $88.10 +1.27 (+1.46%) PALLADIUM $1,295.00 -14.8 (-1.13%) PLATINUM $1,649.50 -3.8 (-0.23%)
Executive Moves

OPEC+ Supply Surge Drives Oil to 4-Year Low

OMC Editorial Desk 1 year ago 1 min read

OPEC+ Supply Surge Ignites Oil Market Sell-Off

The global oil market experienced a sharp downturn this week as the OPEC+ alliance ratified yet another significant production increase, fueling investor concerns over a looming supply glut. This fresh influx of crude arrives at a precarious time, with escalating trade tensions threatening to undermine global energy demand and economic growth.

West Texas Intermediate (WTI) futures reacted immediately, shedding 2% of their value to settle

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