Oil prices tumble to lowest since May
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Oil price spikes
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19hon MSN
Why 2025 has been such a historic year for oil — with prices set to finish near a 5-year low
The world has more oil than it needs, but a drop in crude prices this week to the lowest level in nearly five years may help slow production and boost demand.
Investment banks and the U.S. Energy Information Administration forecast a significant oil market oversupply in 2026, driven by weak demand and rising production, predicting average crude prices will drop below $60 per barrel.
Canadian oil sands producers lead by Cenovus Energy Inc. plan to expand production next year despite an impending supply glut that threatens to deepen the slump in crude prices.
Wall Street watched the major market averages slide on Wednesday as investor attention moved towards the energy sector and the jump up in oil prices. The blue-chip Dow Jones Industrial Average (DJI) was last higher by 0.
1d
Stocks and oil prices often disagree on economic signals. Why equities tend to see better returns.
Stocks and oil prices are telling very different stories about the U.S. economy — but history suggests that equities tend to see better-than-average returns in the periods that follow such divergence.
TotalEnergies CEO Patrick Pouyanné says oil prices are likely to recover next year as demand grows and OPEC manages supply, while warning that new LNG capacity could push gas prices lower.
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