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Oil prices fall on forecasts of market surplus by year-end
Energy
- 05 August, 2025
- 09:31
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World oil prices fell slightly on August 5 on forecasts of a surplus on the market by the end of the year, Report informs via trading data.
The price of October futures for Brent crude fell by 0.16%, to $68.65 per barrel, and September futures for WTI by 0.17%, to $66.18.
The fundamental outlook for the oil market is bearish: an increase in supplies from OPEC+ should ensure a surplus on the market from the fourth quarter, Bloomberg notes.
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