WTI Crude Oil Prices Show Marginal Gain Amid Supply Concerns

Technical Rebound in Oil Prices

West Texas Intermediate (WTI) crude oil prices recorded a modest increase of 1.49%-1.51% to approximately $59.5 per barrel during trading on December 3, 2025. The weekly performance also showed a 1.3% gain, indicating some positive momentum in the short term. However, market observers caution that this upward movement is primarily driven by technical factors rather than fundamental changes in market dynamics.

Structural Challenges in Global Oil Market

Wahyu Laksono, Founder of Traderindo.com, noted that the global oil market is structurally challenged by supply growth outpacing demand expansion. This imbalance creates significant downward pressure on prices and maintains the risk of continued market volatility. The current price movement is seen more as a technical correction rather than a reversal of the prevailing trend.

Market Outlook and Implications

The oil market remains sensitive to both macroeconomic factors and geopolitical developments. While short-term price movements may show occasional gains, the fundamental challenge of excess supply continues to weigh on the market. Investors and market participants are advised to monitor supply-demand dynamics closely as the market navigates through this challenging environment.