Tag: oversupply

Oil Prices Plunge 3% as Oversupply Crisis Deepens, Hammering Energy Stocks

Oil Prices Plunge 3% as Oversupply Crisis Deepens, Hammering Energy Stocks

Oil prices plunged 3% on November 19, 2025, as a 4.4 million barrel U.S. inventory build exposed a global oversupply crisis, triggering sharp declines in energy stocks and forcing OPEC+ to pause production hikes amid fears of a $55/barrel 2026 average.