Bybit x FXStreet TradFi Report: Crude pressured by rising supply and economic weakness

Key Highlights:

WTI slump: US crude (WTI) is down 12% year-to-date and 20% over the past 12 months

Inventory surge: US stockpiles rose by 11 million barrels since July 2025, with one week showing the largest jump in a decade

OPEC output rising: OPEC added 547,000 barrels per day (bpd) in the latest hike, with potential to unwind another 1.6 million barrels

Demand warning: IEA forecasts supply will far outpace demand through late 2025 and into 2026