Oil's Low Flow: Why Your Tank's Cheap and What's Next for Crude
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Oil's Low Flow: Why Your Tank's Cheap and What's Next for Crude
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This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Crude Oil Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on crude oil prices, whats driving the market, and some smart tips to help you navigate this wild ride.
Right now, West Texas Intermediate crude oil is trading around 59 dollars per barrel, down about 2 percent from yesterday and over 20 percent lower than a year ago. Trading Economics and MENAFN both report this dip to 59.06 to 59.65 per barrel, even after a small monthly gain of around 2 percent. The big story is global oversupply, with the International Energy Agency warning of a massive surplus of up to 4 million barrels per day this year, driven by booming US production hitting records near 14 million barrels daily and non-OPEC countries like Guyana and Brazil flooding the market.
US inventories jumped 3.6 million barrels last week per EIA data, signaling plenty of supply and softer demand. Easing tensions, like President Trumps delay on European tariffs and progress in Ukraine peace talks, have stripped away the usual geopolitical boost. OPEC plus paused production hikes for early 2026, but its not enough to balance things out yet. Limited support comes from issues in Kazakhstan and slow Venezuelan exports.
Heres your actionable takeaway: If youre budgeting for fuel or investing, lock in now while prices hover in the high 50s to low 60s. Watch weekly EIA inventory reports and the next OPEC meeting for swings, and consider diversifying into energy stocks with strong balance sheets that thrive in low-price environments.
Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on Daily Crude Oil Price Tracker!
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