Oil Faces Long-Term Downward Pressure -- Market Talk

Dow Jones
Oct 06

1047 ET - Crude prices are rising to start the week, but they face downward pressure as the world's supply-demand balance shifts, Rystad's Susan Bell writes following the OPEC+ decision to increase production. "Global liquids balances have shifted decisively into surplus after a period of tightness that began mid-2024 through 2025," she says. "The key turning point has been the steady unwinding of OPEC+ production cuts, which are set to add close to 2.5 million barrels per day" in 2025. Bell says it is a long-term trend, "with 2026 set to inherit both higher stock levels and looser fundamentals, placing sustained pressure on crude prices." WTI is up 1.2%, at $61.62 a barrel. (paulo.trevisani@wsj.com; @ptrevisani)

 

(END) Dow Jones Newswires

October 06, 2025 10:47 ET (14:47 GMT)

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