Why 2025 has been such a historic year for oil — with prices set to finish near a 5-year low

Core Viewpoint - The global oil supply exceeds current demand, leading to a significant drop in crude prices to the lowest level in nearly five years, which may result in a slowdown in production and an increase in demand [1] Group 1 - The world has more oil than it currently needs, indicating an oversupply in the market [1] - Crude prices have fallen to their lowest level in almost five years, suggesting a significant market shift [1] - The decrease in crude prices may help to slow down production levels in the industry [1] Group 2 - The drop in prices could potentially boost demand for oil, as lower prices typically encourage consumption [1]