Day: January 16, 2026

Oil Prices Slide as Global Supply Signals Strengthen

Global oil prices fell sharply as geopolitical fears surrounding Iran temporarily subsided, while fresh supply-side data from the United States, Venezuela and the Middle East reinforced expectations of a more balanced, and potentially oversupplied, market in the near term. Crude benchmarks dropped by more than 3% after US President Donald

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Oil Prices Slide as Global Supply Signals Strengthen

Global oil prices fell sharply as geopolitical fears surrounding Iran temporarily subsided, while fresh supply-side data from the United States, Venezuela and the Middle East reinforced expectations of a more balanced, and potentially oversupplied, market in the near term. Crude benchmarks dropped by more than 3% after US President Donald

Read More »