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The crude oversupply picture is starting to ease up or at least losing some steam, according to market observers. Here's the thing though—as long as these geopolitical tensions and market disputes keep hanging around, you're going to see volatility stick around. But here's the silver lining: the overall directional bias appears tilted downward.
WTI and the broader energy complex remain sensitive to OPEC production moves and global supply-demand shifts. The commodity market is watching closely for any signs that the glut situation finally turns the corner.