Oil price steadies as concerns of oversupply persist
Published on: Dec. 10, 2025, 6:53 a.m. | Source: CNBC TV18
As worries about the world's excess supply persisted, oil saw its largest two-day decline in a month. After dropping 3% over the preceding two sessions, West Texas Intermediate closed at $58 per barrel, while Brent closed close to $62. According to the US, American crude output will reach a record high of 13.6 million barrels per day this year, contributing to the deluge of supplies that is reaching the world market.
