International oil surplus

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Oil Futures Settle Mixed With Higher OPEC+ Supply in View
Barrons· 2025-10-07 19:13
Oil futures shake off early losses to settle with little change, while the OPEC+ decision to raise output again in November keeps prices at the low end of their recent range."Fundamentally, I think the OPEC+ decision to continue returning additional supply to the market is the biggest driver of the expectation for crude oil inventory builds," says Matt Muenster, chief economist at transport technology firm Breakthrough.While Russia has been able to shuffle its crude oil and refined products around economic ...