International oil prices close mixed amid forecasts of oversupply... WTI 0.2%↓

On the 13th (local time), international oil prices closed at a mixed price due to the outlook for a global oil oversupply and an increase in inventories in the United States.

On this day, on the ICE Futures Exchange in London, Brent crude oil futures for January delivery ended trading at $95.84 per barrel, up 0.02% from the previous trading session.

On the New York Mercantile Exchange, U.S. West Texas Intermediate (WTI) crude oil futures for December delivery closed at $88.56 per barrel, down 0.20% from the previous day.

Oil prices on this day were influenced by the forecast that the global oil market would return to a phase of oversupply.

In its monthly oil market report, the International Energy Agency (IEA) predicted a supply glut in the fourth quarter, saying, "The oil market is showing signs of rebalancing as global oil supply outstrips demand for the first time since the outbreak of the Iran war."

In a previous report, the IEA predicted a supply shortage in the fourth quarter of this year.

In addition, the decrease in demand for refined oil products announced by the U.S. Energy Information Administration (EIA) the previous day and the increase in inventories in the U.S. due to a surge in crude oil imports also added pressure to the decline in oil prices.

However, the extent of the decline in oil prices was limited as anxiety factors such as geopolitical tensions surrounding the Strait of Hormuz, a key route for crude oil exports from Middle Eastern oil-producing countries, and threats of ship attacks continued.