Get the Daily Brief · One email. The day's most market-moving energy news, delivered at 8am.
LIVE
BRENT CRUDE $98.17 -1.22 (-1.23%) WTI CRUDE $89.74 -1.43 (-1.57%) NAT GAS $2.66 +0.02 (+0.76%) GASOLINE $3.08 -0.01 (-0.32%) HEAT OIL $3.62 -0.03 (-0.82%) MICRO WTI $93.19 -1.5 (-1.58%) TTF GAS $42.19 -0.24 (-0.57%) E-MINI CRUDE $93.33 -1.38 (-1.46%) PALLADIUM $1,566.50 -14.8 (-0.94%) PLATINUM $2,094.00 -18.2 (-0.86%) BRENT CRUDE $98.17 -1.22 (-1.23%) WTI CRUDE $89.74 -1.43 (-1.57%) NAT GAS $2.66 +0.02 (+0.76%) GASOLINE $3.08 -0.01 (-0.32%) HEAT OIL $3.62 -0.03 (-0.82%) MICRO WTI $93.19 -1.5 (-1.58%) TTF GAS $42.19 -0.24 (-0.57%) E-MINI CRUDE $93.33 -1.38 (-1.46%) PALLADIUM $1,566.50 -14.8 (-0.94%) PLATINUM $2,094.00 -18.2 (-0.86%)
Executive Moves

OPEC+ Supply Surge Drives Oil to 4-Year Low

OMC Editorial Desk 12 months 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

Read Next

Assala Begins Gabon Production

Assala Begins Gabon Production

8 hours ago
 Petrobras Board Vote: Policy vs. Profit Amid Oil Rally

Petrobras Board Vote: Policy vs. Profit Amid Oil Rally

9 hours ago
 ABL, PetroSafe Elevate Egypt Energy Asset Security

ABL, PetroSafe Elevate Egypt Energy Asset Security

10 hours ago
OilMarketCap provides market data and news for informational purposes only. Nothing on this site constitutes financial, investment, or trading advice. Always consult a qualified professional before making investment decisions.