Oil Futures Extend Gains in Early U.S. Trading — Market Talk
Bullish strength: 40/100
- WTI futures gained 0.8% to $89.41 per barrel.
- Brent futures gained 1.2% to $96.94 per barrel.
- Lack of progress toward a Middle East conflict settlement raises supply-disruption concerns.
Bearish strength: 60/100
- Crude futures remain on track for weekly losses.
- IEA expects global oil supply to return to surplus in Q4.
- IEA projects demand to decline by 2.7 million barrels per day in 2026.
- Projected 2027 supply recovery of 6.6 million barrels per day could reinforce oversupply concerns.
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