Crude oil prices tumbled after OPEC+ signaled a looming supply glut, with Brent hovering near $62. Australia-Trading.com CEO Peter McGuire warns Brent may slip below $60 and even touch $57 amid rising US output and weak demand outlook. While geopolitical shocks could spark brief spikes, the broader trend remains bearish, with softer crude expected through 2026.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets