Oil Market Able to Absorb OPEC+ Supply for Now, But Oversupply Looms -- Market Talk

Dow Jones

Jun 04, 2025

1014 GMT - The oil market has so far managed to absorb additional supply from OPEC+ due to low inventories and seasonally higher demand, analysts at Commerzbank Research say. "Following the sharp price drop at the beginning of April and a further decline at the beginning of May, the price of Brent oil has traded between $63 and $67 per barrel in recent weeks," analyst Carsten Fritsch says. However, he warns this balance could prove fragile if the cartel and its allies continue to ramp up production at the current pace. That could lead a considerable oversupply to develop in the fall. In midday trade, Brent crude and WTI are both up 0.5% at $65.93 and $63.70 a barrel, respectively. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

June 04, 2025 06:14 ET (10:14 GMT)

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However, he warns this balance could prove fragile if the cartel and its allies continue to ramp up production at the current pace. That could lead a considerable oversupply to develop in the fall. In midday trade, Brent crude and WTI are both up 0.5% at $65.93 and $63.70 a barrel, respectively. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 06:14 ET (10:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Market Able to Absorb OPEC+ Supply for Now, But Oversupply Looms -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Market Able to Absorb OPEC+ Supply for Now, But Oversupply Looms -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-04 18:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1014 GMT - The oil market has so far managed to absorb additional supply from OPEC+ due to low inventories and seasonally higher demand, analysts at Commerzbank Research say. \"Following the sharp price drop at the beginning of April and a further decline at the beginning of May, the price of Brent oil has traded between $63 and $67 per barrel in recent weeks,\" analyst Carsten Fritsch says. However, he warns this balance could prove fragile if the cartel and its allies continue to ramp up production at the current pace. That could lead a considerable oversupply to develop in the fall. In midday trade, Brent crude and WTI are both up 0.5% at $65.93 and $63.70 a barrel, respectively. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 06:14 ET (10:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCO","symbol_name":"二倍做空彭博原油指数ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2540052604","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540052604","pubTimestamp":1749032040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1014 GMT - The oil market has so far managed to absorb additional supply from OPEC+ due to low inventories and seasonally higher demand, analysts at Commerzbank Research say. \"Following the sharp price drop at the beginning of April and a further decline at the beginning of May, the price of Brent oil has traded between $63 and $67 per barrel in recent weeks,\" analyst Carsten Fritsch says. However, he warns this balance could prove fragile if the cartel and its allies continue to ramp up production at the current pace. That could lead a considerable oversupply to develop in the fall. In midday trade, Brent crude and WTI are both up 0.5% at $65.93 and $63.70 a barrel, respectively. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF"},"translate_title":"石油市场目前能够吸收OPEC+供应，但供应过剩迫在眉睫——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UCO":1,"USO":1,"CLmain":1,"SCO":1,"QMmain":1},"content_text":"1014 GMT - The oil market has so far managed to absorb additional supply from OPEC+ due to low inventories and seasonally higher demand, analysts at Commerzbank Research say. \"Following the sharp price drop at the beginning of April and a further decline at the beginning of May, the price of Brent oil has traded between $63 and $67 per barrel in recent weeks,\" analyst Carsten Fritsch says. However, he warns this balance could prove fragile if the cartel and its allies continue to ramp up production at the current pace. That could lead a considerable oversupply to develop in the fall. In midday trade, Brent crude and WTI are both up 0.5% at $65.93 and $63.70 a barrel, respectively. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2025 06:14 ET (10:14 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}