Oversupply Drives WTI Below $58 as Global Oil Surplus Grows Deepers – Crude Oil Prices Today
Crude Oil Prices Decline Amid Oversupply Concerns West Texas Intermediate (WTI) crude oil saw a significant drop on Thursday, December 12, closing at $57.60 per barrel. This marked a week-to-date decrease of $2.48, or about 4.13%. The market sentiment remains quite bearish, largely driven by high levels of global supply, weaker demand forecasts, and diminishing […]