Oversupply Drags WTI Below $58 as Global Oil Glut Deepens

Market Intelligence Analysis

AI-Powered
Why This Matters

WTI crude prices fell below $58 per barrel due to a global oil glut, driven by oversupply and soft demand projections, with market sentiment remaining bearish.

Market Impact

Market impact analysis based on bearish sentiment with 89% confidence.

Sentiment
Bearish
AI Confidence
89%

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

West Texas Intermediate crude traded sharply lower through Thursday, December 12, settling at $57.60 per barrel and posting a week-to-date loss of $2.48, or 4.13%. Market sentiment stayed firmly bearish as traders focused on heavy global supply, soft demand projections, and fading geopolitical premiums. With the week still in progress, the tone heading into Friday remained pressured by fundamental forces that continued to outweigh short-lived intraday rebounds. Oversupply has become the defining feature of the market, with traders questioning whether…

Continue Reading
Full article on OilPrice.com
Read Full Article
Original article published by OilPrice.com on December 12, 2025.
Analysis and insights provided by AnalystMarkets AI.