Oil’s Supply Wave, Tumbling Prices Rekindle Fears of Global Glut - Bloomberg.com
business 2026/07/04 12:31:06

Oil’s Supply Wave, Tumbling Prices Rekindle Fears of Global Glut - Bloomberg.com

Source:Bloomberg
Author:Alex Longley, Yongchang Chin, Grant Smith, Jack Farchy

Oil prices are falling everywhere as a peace deal between the US and Iran unleashes a wave of supply, overwhelming demand from buyers and prompting talk of a glut of crude.