Reported 3 days ago
Oil prices are set to decline this week as President Trump announces a forthcoming meeting with Vladimir Putin to discuss ending the Ukraine war, raising hopes for a rebound in Russian oil exports. The International Energy Agency warns of an impending supply glut, projecting a daily surplus of 2.4 million barrels by 2026. Current oil prices for Brent and West Texas Intermediate have dipped around 3%, amid reduced demand forecasts and increasing inventory levels.
Source: YAHOO