Core Insights - The crude oil market is currently facing multiple downward pressures, including elevated U.S. inventories, signs of oversupply, steady OPEC+ production, and diplomatic progress between Russia and Ukraine [2] Oil Market Summary - WTI crude oil prices settled up 1.2% at $58.65 per barrel, while Brent crude rose 1% to $63.13 per barrel [2] - Despite the temporary stabilization of Brent and WTI prices, the short- and medium-term outlook for the oil market remains negative [2]

ab 27 May 2025 Global Research Global Oil Fundamentals Expert call feedback: OPEC+ meetings preview Expert call on OPEC+ ahead of next meeting this Saturday We hosted an expert call with Ben Cahill, Director, Energy Markets and Policy at the University of Texas at Austin's Center for Energy and Environmental Systems Analysis, on the upcoming OPEC+ ministerial meeting tomorrow and the meeting of the 8 OPEC + members carrying out the voluntary cuts on Saturday. We also discussed the broader oil market outlook ...