Global crude supply glut

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Crude Prices Retreat on Fears of a Global Supply Glut
Yahoo Finance· 2025-09-11 19:16
October WTI crude oil (CLV25) on Thursday closed down -1.30 (-2.04%), and October RBOB gasoline (RBV25) closed down -0.0287 (-1.43%). Crude oil and gasoline prices fell sharply on Thursday due to concerns about a global crude supply glut after the IEA boosted its 2026 global oil surplus estimate. Concerns that weakness in the US labor market will crimp economic growth and energy demand also weighed on crude prices after weekly jobless claims unexpectedly rose to a 3.75-year high. Thursday's weaker dolla ...