https://www.instagram.com/vanessaclarkipaiThis 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. I'm your host Vanessa, and today we're diving into the latest on crude oil prices, what's driving the market right now, and some smart tips to help you navigate this volatile world.Let's start with the numbers you all tune in for. As of this evening, West Texas Intermediate or WTI crude is trading around 58 dollars per barrel, up just a touch from yesterday according to Trading Economics. Brent crude, the global benchmark, is hovering near 61.55 dollars per barrel, as reported by Polyestertime. These prices show a bit of stability today but mark a tough year overall, with crude down about 18 to 20 percent since last December amid oversupply worries.What's behind this? Polyestertime and AEGIS Hedging highlight how OPEC plus is sticking to their output pause plans, with a key meeting coming up on January 4th via Bloomberg. Saudi Arabia and allies have ramped up production through 2025, flooding the market. Add in Venezuela shutting down wells due to US blockades and full storage, cutting their output by up to 25 percent in the Orinoco Belt. Geopolitical tensions from Russia Ukraine and the Middle East have offered some lift, but softer global demand, especially outside China, and rising non OPEC supply from the US, Canada, and Brazil are keeping prices pinned low. TradingKey notes a surplus of over 1.7 million barrels per day this year.Looking ahead, analysts like those at Anadolu Agency warn of more downside, with Brent possibly dipping to 55 dollars early in 2026 if oversupply persists. OPEC sees equilibrium and prices rebounding to around 67 for Brent, but banks like Barclays and Morgan Stanley forecast softer ranges between 56 and 65 dollars.Here's your actionable takeaway, pals. If you're trading or hedging crude oil exposure, watch US inventory reports closely they often surprise and move prices. Consider diversifying into related plays like natural gas, which is at 3.98 dollars today per Trading Economics, or keep an eye on OPEC decisions for quick swings. Short term, Economies.com sees some bullish momentum building as crude tests support levels, so maybe a small long position if you're feeling bold, but always use stops with this oversupply risk.That's your daily crude oil update, friends. Stay informed, trade smart, and thanks for listening. Hit subscribe, tune in tomorrow for more, and take care.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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