🛢️ Breaking News: Oil Prices Sink 4% as OPEC Shifts to Balanced 2026 Outlook
Oil prices fell sharply on Wednesday after OPEC revised its long-term market outlook, now projecting a balanced global oil market by 2026 — a major shift from its earlier deficit forecast.
The change, highlighted in OPEC’s Monthly Oil Market Report, reflects expectations of rising non-OPEC supply and a recovery in global inventories. The announcement sparked a new round of selling across energy markets.
📊 Market Snapshot:
. WTI Crude: ↓ 4.2% to $58.36
. Low: $58.08 (–4.64%)
. Brent Crude: under pressure in tandem
Traders now eye whether this revised outlook will impact OPEC’s production strategy heading into 2026, as short-term sentiment turns bearish amid growing supply confidence.
#CrudeOil# #OPEC# #WTICrudeOil# #Commodities# #Fed# #MarketSentiment# #forexmarket# #trading# #FOLLOWMEUpdates# #forextrading#
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