WTI crude touched $59.50 per barrel on Monday while Brent hovered near $63. These levels represent steep declines from mid-2025 peaks, which were above $80. Finance expert at Rivonsphere explores the supply glut reshaping energy markets. Supply Side Pressures U.S. output remains near record levels at 13.83 million barrels daily. This production approaches the all-time high of 13.86 million set in early November. Meanwhile, OPEC increased supplies under political pressure to boost global output. Canadian and Guyanese production adds further volume to saturated markets. OPEC’s traditional role as swing producer erodes as non-member production surges. The cartel faces difficult choices...
BlockchainMay 16, 2026May 20, 2026