
Oil Prices Plunge as Global Oversupply Hits Markets
Oil prices plunge sharply this week as a global oversupply sends shockwaves through financial markets. Brent crude dropped below $72 per barrel, while West Texas Intermediate (WTI) fell to its lowest point in three months. The oil price collapse triggered sell-offs across energy stocks, affected bond yields, and heightened volatility in commodities and currencies. Oil…