Crude price crumbles

Oil futures crater as OPEC projects production to catch demand in 2026

Steve Sutherlin

for Petroleum News

Crude oil futures cratered Nov. 12 as the Organization of the Petroleum Exporting Countries raised its production forecast while keeping its demand forecast unchanged, erasing its earlier projections of a supply deficit in 2026. West Texas Intermediate crude plummeted $2.55, or 4.18%, to close at $5....

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OPEC call adds to oversupply worries

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