{"id":33907,"date":"2025-11-04T09:49:51","date_gmt":"2025-11-04T01:49:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=33907"},"modified":"2025-11-04T09:49:51","modified_gmt":"2025-11-04T01:49:51","slug":"oil-slips-as-oversupply-fears-weigh-on-market","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/sv-eu\/analysis\/oil-slips-as-oversupply-fears-weigh-on-market\/","title":{"rendered":"Oil Slips as Oversupply Fears Weigh on Market"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/02\/oil7-1024x559.png\" alt=\"\" class=\"wp-image-17018\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/oil7-1024x559.png 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/oil7-300x164.png 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/oil7-768x419.png 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/oil7.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>WTI crude<\/strong> dipped <strong>0.16% to $60.89<\/strong>, while <strong>Brent<\/strong> fell <strong>0.3% to $64.71<\/strong>.<\/li>\n\n\n\n<li>IEA and SocGen analysts warn of a potential <strong>4 million barrels\/day surplus by 2026<\/strong>.<\/li>\n\n\n\n<li>Rising output from <strong>OPEC+, the U.S., Canada, and Guyana<\/strong> adds pressure on prices.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Crude oil futures fell slightly on Tuesday, extending recent weakness as market participants focused on projections of rising global supply.<\/p>\n\n\n\n<p>The <strong>International Energy Agency (IEA)<\/strong> warned that continued production increases from major producers including <strong>OPEC+, the United States, Canada, and Guyana<\/strong> could lead to a <strong>significant surplus of roughly 4 million barrels per day<\/strong> by 2026.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Europe&#39;s energy executives caution against oil supply glut next year <a href=\"https:\/\/t.co\/oq3lL4hnhU\">https:\/\/t.co\/oq3lL4hnhU<\/a> <a href=\"https:\/\/t.co\/oq3lL4hnhU\">https:\/\/t.co\/oq3lL4hnhU<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1985490968863186974?ref_src=twsrc%5Etfw\">November 3, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to a note from <strong><a href=\"https:\/\/www.societegenerale.com\/fr\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s<\/a> cross-asset research team<\/strong>, the expected demand increase of <strong>900,000 barrels per day<\/strong> will not be sufficient to offset the expanding output, even with <strong>China\u2019s oil purchases of around 500,000 barrels per day<\/strong> providing partial support.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Over the short term, prices are hovering around <strong>$60.89<\/strong> with only a modest 0.16% drop, highlighting some consolidation after a slide from higher levels.<\/p>\n\n\n\n<p>The moving averages (5, 10, 30-day) appear to be flattening, suggesting that the downtrend may be pausing or slowing rather than rapidly reversing.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/11\/image-3-1024x450.jpeg\" alt=\"\" class=\"wp-image-33908\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/11\/image-3-1024x450.jpeg 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/11\/image-3-300x132.jpeg 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/11\/image-3-768x337.jpeg 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/11\/image-3.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Support can be seen near the <strong>$59.00-$58.50<\/strong> range, where the price previously bounced; resistance is around the <strong>$63.00<\/strong> level, where price has been capped. The MACD line remains below the signal line, indicating momentum is still bearish or, at best, neutral.<\/p>\n\n\n\n<p>From a broader perspective, the oil market is facing conflicting signals. On one hand, the recently announced OPEC+ decision to <strong><a href=\"https:\/\/t.co\/0fGVAzsaV6\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">pause output increases in Q1 2026<\/a><\/strong> provides some support, as it signals supply restraint.<\/p>\n\n\n\n<p>On the other hand, weaker manufacturing data in Asia and forecasts of <strong>ample global supply and subdued demand<\/strong> are weighing on prices. This tug of war is contributing to the current sideways\/weak structure in the chart.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Outlook<\/h2>\n\n\n\n<p>Despite ongoing geopolitical uncertainty, the near-term balance appears tilted toward oversupply. Traders will closely monitor <strong>OPEC+ meeting commentary<\/strong> and upcoming <strong><a href=\"https:\/\/www.eia.gov\/petroleum\/supply\/weekly\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">U.S. inventory data<\/a><\/strong> for clues on production discipline and consumption trends.<\/p>\n\n\n\n<p>Without signs of demand acceleration or coordinated output restraint, crude prices may struggle to hold above $60 in the coming weeks.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices edged lower as traders assessed projections of a growing supply surplus and muted demand recovery through 2026. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":5,"featured_media":17018,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[31,12],"class_list":["post-33907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-commodities","tag-oil"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/33907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=33907"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/33907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/17018"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=33907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=33907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=33907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}