Oil continues its downward trend, driven by relentless pressure on prices due to significant and long-term surpluses of the commodity in the market. Some investors were waiting for the monthly OPEC report as a source of information to support demand, but these proved insufficient.
As a result, WTI and Brent oil contracts are losing about 1.4%.
OIL.WTI (H1)
Source: xStation5
Daily Summary: Wall Street ends the week with a calm gain ๐ฝ Cryptocurrencies slide
NATGAS surges 5% reaching 3-year high ๐
Bitcoin loses 3% ๐Technical bearish flag pattern?
3 markets to watch next week (05.12.2025)