Oil Prices: Surplus Fears Overshadow Geopolitics
Update: 2025-09-19
Description
Oil prices plummet as a looming global supply surplus overshadows geopolitical tensions and Ukrainian attacks on Russian energy infrastructure. Despite efforts to curb Russian oil revenue and rising fuel demand in India, a projected record crude surplus next year, driven by increased OPEC production, is pushing prices down. Investors are now pinning their hopes on a Trump-Xi call to ease trade tensions and potentially boost the market, but the overwhelming concern remains: will the world drown in oil?
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