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home / news releases / USOI - The Commodities Feed: IEA Expects Record Oil Glut Next Year


USOI - The Commodities Feed: IEA Expects Record Oil Glut Next Year

2025-09-12 06:10:00 ET

By Ewa Manthey & Warren Patterson

Energy – IEA boosts its oil supply estimates

Oil prices extended declines, with ICE Brent trading just below $66/bbl this morning, amid softening demand and persistent concerns over a looming global supply surplus. However, escalating geopolitical tensions, following Israel's attack on Hamas's leadership in Qatar and prospects of tighter Western sanctions on Russian energy exports, might help put a floor under oil prices....

For further details see:

The Commodities Feed: IEA Expects Record Oil Glut Next Year

Stock Information

Company Name: Credit Suisse X-Links Crude Oil Shares Covered Call ETN
Stock Symbol: USOI
Market: NASDAQ

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