Breaking News Oil Prices Sink 4% as OPEC Moves to Balanced 2026 Outlook Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its earlier deficit forecast as non-OPEC production rises and inventories recover.  By writing this news, WTI is down more than 4.2% (CMP = 58.36), after testing lows of 58.08 (-4.64%)