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Oil Prices Keep Dropping as World's Tanker Fleet Amasses 1 Billion Barrels
Posted
October 20, 2025
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3:55Now PlayingOil held losses after a third week of declines as traders took stock of mounting evidence that a long-anticipated surplus is finally starting to emerge. More than 1 billion barrels have been amassed on the world's tanker fleet, according to according to consultant Vortexa. Many experts say surging production could push the market into surplus. Bloomberg's Mike McGlone reports.
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