Pro News Flash: Oil Market Turns Bearish as Supply Surges

🛢️ Brent crude has recorded its sharpest decline in six months, as hopes of diplomatic negotiations between the US and Iran trigger a major shift in market sentiment. Investors are increasingly betting that the Middle East conflict could end sooner than expected, putting pressure on oil prices.

📉 Oil supply is also recovering. Exports from Saudi Arabia, the UAE, Iraq and Kuwait climbed 10% to 15.53 million barrels per day in October, reaching their highest levels since the start of the year. Meanwhile, the IEA forecasts global oil demand to fall by 2.6 million barrels per day in 2026.

🌍 The turning point came after Tehran announced that its Supreme Leader had authorised negotiations with the US. Despite continued tensions, including US strikes on Kharg Island and attacks involving tankers in the Strait of Hormuz, markets are beginning to price in a shorter conflict.

📊 With supply recovering, demand weakening and diplomatic hopes growing, pressure on Brent is increasing. Could the worst be over for oil prices, or is another geopolitical shock waiting to send them higher?

👉 Don’t forget to like, share and subscribe to Pro News for weekly insights!

Register at https://bit.ly/44b9vTy and start trading like a pro!

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. Past performance is not a reliable indicator of future results.

#FxPro #pronewsflash #tradelikeapro #markets #trading #investing