From Alaska to OPEC+: Why Oil Prices Can’t Shake Bearish Bias

Light Crude Oil Futures settled at $63.96 as of Thursday’s close, marking a mild rebound but still reflecting broader weakness in market structure. The week was shaped by several high-impact fundamental events—none of which proved decisive enough to shift the balance away from oversupply and tepid demand. Traders were focused on Friday’s Trump-Putin meeting, but until concrete action disrupts physical flows, the dominant pressure remains rooted in inventories and production. Trump-Putin Meeting Raises Risk, But Market Demands…