Oil outlook weakens as oversupply pressures crude prices
after close1 source ↓written by the desknot a recommendation
- last week
- $57.44
- 4.39%
- amid persistent selling
- $2.64
Light crude oil prices closed last week at $57.44, down 4.39% or $2.64 amid persistent selling pressure. The market remains dominated by oversupply concerns, with U.S. production near record levels and resilient Russian exports. Geopolitical risks have shifted from supportive to a headwind, limiting buying interest.
Not investment advice. For informational purposes only.