Oil
Record oversupply depresses oil prices
Oil prices stabilise near the two-month low, IEA warns of record oversupply.
8/14/2025
Oil prices are stabilising near a two-month low after the International Energy Agency said the market was heading for record oversupply next year.Brent traded at $66 a barrel on Wednesday after closing at its lowest level since 5 June, while West Texas Intermediate was at around $63. Global oil inventories will accumulate faster than in the…
