07 Sep 2026

05:50

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Home Blog Oil Prices Drop 2% Despite Wave of Bullish News

Oil Prices Drop 2% Despite Wave of Bullish News

codarx

codarx

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Update date: 2025/12/11

Oil prices slid nearly 2% on Thursday in a move that ran against a rare alignment of bullish signals—from OPEC’s upbeat December MOMR to a softer glut forecast from the IEA and fresh U.S. inventory draws.  Brent fell toward $61…  And WTI toward $57…  Extending a losing streak that now spans most of December. OPEC’s latest monthly report maintained a firm demand outlook for 2025–26, pointing to resilient consumption in China, India, and the Middle East while reiterating that non-OPEC supply growth…

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