Oil News: Bearish Crude Outlook Ahead—Traders Watch for Deeper Losses
👉 Crude oil closes at $67.20 as bearish fundamentals, capped gains, and surplus fears dominate the market outlook
👉 OPEC+ extends deep cuts through 2026 but fails to counter rising stockpiles and weak global demand projections
👉 Traders watch $69.11 resistance; failure to break signals further bearish momentum toward key support at $66.53
👉 U.S. rig counts rise for the first time in eight weeks, signaling potential output growth as global demand weakens
👉 Analysts forecast Brent crude averaging $65 in 2025 despite OPEC+ efforts, with surplus risks dampening recovery hopes
@news_finance
👉 Crude oil closes at $67.20 as bearish fundamentals, capped gains, and surplus fears dominate the market outlook
👉 OPEC+ extends deep cuts through 2026 but fails to counter rising stockpiles and weak global demand projections
👉 Traders watch $69.11 resistance; failure to break signals further bearish momentum toward key support at $66.53
👉 U.S. rig counts rise for the first time in eight weeks, signaling potential output growth as global demand weakens
👉 Analysts forecast Brent crude averaging $65 in 2025 despite OPEC+ efforts, with surplus risks dampening recovery hopes
@news_finance