Markets

Oil Heads For Deepest Annual Loss Since 2020 On Surplus Concerns

December 31, 2025

Oil prices are poised for their steepest annual decline since 2020, driven by concerns over a significant surplus in the market. The US benchmark West Texas Intermediate is trading below $58 a barrel, marking a nearly 20% drop this year, while Brent crude settled above $61. Analysts are anticipating continued bearish trends due to increased supply from OPEC+ and slower global demand growth.

Oil Heads For Deepest Annual Loss Since 2020 On Surplus Concerns

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Key Highlights

West Texas Intermediate is below $58 a barrel, on track for a fifth monthly loss.
Oil prices are down almost 20% this year, the steepest annual loss since 2020.
Increased supply from OPEC+ and slower demand growth are contributing factors.
Top forecasters predict a significant surplus in the oil market for the upcoming year.
OPEC's secretariat projects a modest surplus despite typically bullish forecasts.

Markets

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Oil Heads For Deepest Annual Loss Since 2020 On Surplus Concerns

Key Highlights

Sources

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