Business
Oil Falls Near $60 as Signs of Surplus Offset Geopolitical Risks
SOURCE:Bloomberg|BY:Yongchang Chin
Oil declined on the first trading day of 2026 as expectations for a swelling supply surplus offset geopolitical risks to production in several OPEC+ nations.
Oil steadied on the first trading day of 2026 after its biggest annual drop since 2020, as traders weighed an upcoming OPEC+ meeting and geopolitical concerns.