{"id":75468,"date":"2026-07-06T09:31:30","date_gmt":"2026-07-06T09:31:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/07\/06\/oil-edges-lower-on-supply-glut-fears\/"},"modified":"2026-07-06T09:31:30","modified_gmt":"2026-07-06T09:31:30","slug":"oil-edges-lower-on-supply-glut-fears","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/07\/06\/oil-edges-lower-on-supply-glut-fears\/","title":{"rendered":"Oil Edges Lower On Supply Glut Fears"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Oil prices were moving lower on Monday amid fears the market will be overwhelmed by a large oil surplus next year. <\/p>\n<p>As traffic through the Strait of Hormuz heads toward normalization, investment bank Goldman Sachs expects the global oil surplus to be about 3 million barrels per day next year. <\/p>\n<p class=\"fade-paragraph\">Brent crude futures for September delivery were down 0.7 percent at $71.63 a barrel, while WTI crude futures for August delivery fell half a percent to $68.36. <\/p>\n<div class=\"paywall-wrapper\">\n<p><i class=\"bi bi-lock-fill\"\/> Subscribe to continue reading the article.<\/p>\n<p>This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.<\/p>\n<p>Start Free Trial<\/p>\n<p>FREE 7-Day Trial &#8211; No Payment Required<\/p>\n<\/div>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Edges Lower On Supply Glut Fears<\/a><br \/>\n<br \/>2026-07-06 09:31:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were moving lower on Monday amid fears the market will be overwhelmed by a large oil surplus next year. As traffic through the Strait of Hormuz heads toward&#8230;<\/p>\n","protected":false},"author":2,"featured_media":75469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-75468","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=75468"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/75469"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=75468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=75468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=75468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}