Oil Prices Slide As Oversupply And Weak Demand Weigh On Market

Primanews | 06-01-2026 10:52pm |

Global oil prices declined on Tuesday as expectations of ample supply and subdued demand continued to weigh on sentiment. Brent crude oil, against which Nigerian crude oil is priced, fell to around $61 per barrel in early trading, while U.S. West Texas Intermediate hovered close to $58 per barrel. The price movement reflected growing confidence

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.