Crude Awakening: Navigating the Slippery Slope of Oil Prices

https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Hey friends, welcome back to Daily Crude Oil Price Tracker with Vanessa Clark. Im Vanessa, your go-to guide for all things crude oil, 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, as of today, Brent crude is sitting at 60.19 dollars per barrel, and West Texas Intermediate or WTI is at 56.30 dollars per barrel. Polyestertime reports these are multi-month lows, with both benchmarks showing slight declines amid heavy selling pressure. Early trading even pushed WTI down to around 55.86 dollars, according to Aegis Hedging, as peace talks between Russia and Ukraine spark fears of more Russian supply hitting the market.Whats behind this drop? First, oversupply worries are huge. OPEC plus has been gradually unwinding voluntary production cuts since April, with HCOB Economics noting they paused further increases until early 2026, but non-OPEC producers like the US are pumping at record levels, creating a super glut. Mansfield Energy and Chronicle Journal highlight how this, plus weak demand signals from China, is slamming prices. Chinas softer industrial output means less fuel demand from the worlds top importer, and global forecasts now see surpluses piling up into 2026.Geopolitics is mixed too. Optimism from Ukraine peace negotiations is easing risk premiums, per Aegis, but disruptions like those near Venezuela keep things volatile. Nasdaq points out OPEC revised to a 500 thousand barrels per day surplus for late this year, flipping from a deficit.For you listeners, heres your actionable takeaway: if youre trading or hedging, watch OPEC plus meetings closely, like the next one in January. Lower prices could mean cheaper gas soon, so fill up strategically if youre driving a lot, but for investors, consider diversifying into renewables as demand growth slows. Stay nimble, track those benchmarks daily, and think long-term with energy transition in mind.Thats your crude oil update, friends. Thanks for tuning in, be sure to subscribe and join me next time for more on Daily Crude Oil Price Tracker with Vanessa Clark. Talk soon!For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI

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