Brent Oil Prices May Slip Below $60 Amid OPEC+ Warning and Growing Supply Glut Concerns

jueves, 13 de noviembre de 2025, 11:29 pm ET1 min de lectura

Brent crude prices have fallen nearly 4% to near $62 per barrel after OPEC+ warned of a supply glut. Peter McGuire, CEO of Australia-Trading.com, expects Brent to break below $60 and potentially reach $57-$58, while WTI could drift towards $55-$56. McGuire believes that US production is a bigger threat to OPEC+ policy shifts and warns that prices may only bounce on geopolitical shocks.

Brent Oil Prices May Slip Below $60 Amid OPEC+ Warning and Growing Supply Glut Concerns

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