21 Oct 2025 | 5 Mins Read
Oil Prices Decline Amid Surplus Concerns and Trade Uncertainty
Flipitmoney
Brent oil fell below $61 a barrel, while West Texas Intermediate neared $57. A record 1.24 billion barrels of crude and condensate are on tankers, up from 1.22 billion barrels last week. The International Energy Agency projects a record oil surplus next year due to faster supply growth and slowing demand growth, with time spreads signaling ample supply.