Oil Heads for Second Weekly Decline as Glut Concerns Dominate [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Yahoo! Finance
Brent was below $60 a barrel and was down more than 2% for the week while West Texas Intermediate traded near $56 a barrel. Virtually all of the world's biggest traders see the market in a state of oversupply early next year, with industry heavyweight Trafigura forecasting the Brent benchmark will be in the $50s through the middle of 2026. Most Read from Bloomberg Hudson Tunnel Digging Work to Start as Boring Machines Ready NYC High Line-Area Building Floats $53 Million Bankruptcy Sale How This Chameleon UK Location Became a Little-Known Hollywood Backdrop New York Says Cab, Rideshare Insurance Rates to Rise 25% ICE Plans Detention Expansion With Deal to Design 'Mega Centers' Oil has lost about a fifth this year as OPEC+ returned barrels faster than anticipated and producers elsewhere also pumped more, while demand was lackluster. Geopolitical risks, especially around Russian and Venezuelan supply, have helped temper some of the declines. “The dominant sentiment right
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