Rystad: Oil Prices Under Pressure, But Don’t Expect a Freefall

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is real—but temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+’s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. Rystad’s Mukesh Sahdev, Global Head of Commodity Markets - Oil, notes that the market is fixated on oversupply fears, especially as time spreads narrow dangerously close to contango. Higher flows from Kazakhstan…