Oil prices steady amid surplus and Russian sanctions
pre-market1 source ↓written by the desknot a recommendation
- per barrel
- $64
- Intermediate remained below
- $60
- record surplus
- 2026
Oil prices steadied as investors assessed a global surplus against impending US sanctions on Russian producers. Brent crude traded near $64 per barrel, while West Texas Intermediate remained below $60. The International Energy Agency forecasts a record surplus in 2026, driven by increased output from OPEC and non-OPEC countries.
Not investment advice. For informational purposes only.