Oil prices to trade at $55–$65 range through Q1 2026 amid persistent oversupply, demand headwinds, warns Mind Money's Igor Isaev

Core Insights - Brent crude is currently trading in the $65–$70 range, indicating a stable price corridor despite market pressures [1] - A global surplus of 2.3 million barrels per day (bpd) is exerting downward pressure on oil prices, suggesting an oversupply situation in the market [1] Industry Summary - The oil market is facing challenges due to a significant surplus, which could impact future pricing strategies and investment decisions [1] - Analysts are closely monitoring the situation as the surplus may lead to adjustments in production levels by major oil producers [1]