Tag: Glut

OPEC+ agrees to another output hike in November despite growing concerns of glut

U.S. benchmark West Texas Intermediate crude prices fell last week amid concerns of oversupply. - AFP/Getty Images OPEC+

Crude Traders Split on Whether the Glut Has Arrived

For several months, discussions surrounding an impending oil surplus have dominated the market landscape. Recently, Bloomberg indicated that

Oil Industry Braces for Glut and Investor Demands

The oil and gas sector is poised to face a challenging year as it strives to navigate the

As the IEA Warns of an Oil Supply Glut, Make This 1 Trade Here

The December micro WTI crude oil (CLZ25) futures are currently presenting a compelling selling opportunity, especially in the