WTI Oil rose 1.7% despite a persistent structural supply glut fueled by high output from the US, OPEC, and Russia, leading to widespread inventory accumulation. Geopolitical risk is back in focus as US sanctions hit Russia's Lukoil operations in Iraq, threatening a major long-term supply disruption. The article also covers bearish macroeconomic factors, technical analysis, and contrarian client sentiment data.
11-11-2025 21:02 GMT
by Zain Vawda