Oil prices fall more than $2/bbl as OPEC says 2026 supply to match demand

On November 12, 2025, oil prices experienced a notable decline of over $2 per barrel, driven by OPEC's prediction that supply will align with demand by 2026. This forecast comes amidst rising concerns about oversupply in the oil market, which have been exacerbated by recent U.S. government policy changes aimed at reopening the economy. The interplay between these factors highlights the volatility of oil prices and the influence of geopolitical and economic shifts on global markets. As OPEC adjusts its outlook, stakeholders are closely monitoring how these developments will impact future pricing and supply dynamics.