Live Updates > Live Update Details
2025-11-25 10:33:59
[International Oil Prices Fluctuate Narrowly as Market Weighs Supply Surplus and Geopolitical Risks] 1. International oil prices consolidated on Tuesday, with WTI crude currently trading around $58.77 per barrel, down about 0.15%, remaining largely stable after rising in the previous trading day. Although the stalemate in the Russia-Ukraine peace talks continues to constrain Russian oil exports, market concerns about a global oil supply glut in 2026 dominated trading sentiment. Oil prices rose 1.3% on Monday, mainly due to the uncertainty surrounding the Russia-Ukraine peace talks reinforcing expectations of limited Russian oil supply. 2. A recent research report from Deutsche Bank indicates that the global oil market is expected to experience a supply glut of at least 2 million barrels per day in 2026, with no clear supply shortage path anticipated until 2027. Analyst Michael Hsueh stated, "Looking ahead to 2026, the outlook for oil remains bearish." 3. Current market expectations of supply growth exceeding demand next year have surpassed the impact of progress in the US-Ukraine peace agreement negotiations. If an agreement is reached leading to the lifting of sanctions against Russia, it could release a significant amount of controlled oil supply. 4. However, statements from several Federal Reserve officials supporting a rate cut in November strengthened market expectations for an easing monetary policy, which provided some support for oil prices.
