Oil prices tumbled on Tuesday, with Brent down 2.46% at $63.56 a barrel at 9:54 a.m. ET, and West Texas Intermediate (WTI) slid 2.64% to $59.43, as traders reacted to fresh signals of easing supply pressure and waning demand momentum through early 2026. The drop came after OPEC revised its projections to show a “balanced” market next year, moving further from the deficit forecast it held earlier this fall. The update suggests that additional OPEC+ production and resilient non-OPEC output could offset modest demand growth, erasing near-term…
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