Update: WTI Oil Edges Down as the IEA Sees the Market Over Supplied in 2025

MT Newswires03:37

IEA Lifts 2025 Oil Demand View, yet Expects Comfortably Supplied Market

Seeking AlphaDec 12 23:51

IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcnDec 12 20:35

Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level

FXStreetDec 12 20:34

Commodity Roundup: Commerzbank 2025 Copper View; ING Sees Energy Markets Under Pressure

Seeking AlphaDec 12 19:00

Afternoon Crude Oil Product analysis: USA crude oil inventories have plummeted, can oil prices continue to rise?

The US Energy Information Administration (EIA) reported that for the week ending December 6, US Crude Oil Product inventories decreased by X thousand barrels...

Golden10 DataDec 12 13:07