Brent may slip below $60: OPEC+ warning triggers sell-off, says Peter McGuire

Crude oil prices tumbled after OPEC+ signaled a looming supply glut, with Brent hovering near $62. Australia-Trading.com CEO Peter McGuire warns Brent may slip below $60 and even touch $57 amid rising US output and weak demand outlook. While geopolitical shocks could spark brief spikes, the broader trend remains bearish, with softer crude expected through 2026.