Does US Crude Oil Prices set for further ease in June 2026? Here is what analysts say

Crude oil prices in the U.S. are expected to decline further through June ****, pointing towards oversupply and weakening global demand. The EIA projects that global petroleum production will continue to exceed consumption through ****, pushing Brent and WTI lower as inventories accumulate . Similarly, rising OPEC+ and non-OPEC supply as the dominant drivers of the downturn .

For June specifically, these structural pressures align with U.S. market conditions: refinery runs remain high, imports are elevated, and global inventories continue to build. Seasonal demand is insufficient to offset oversupply, and jet fuel consumption remains weak. With geopolitical tensions no longer providing sustained upside and speculative positioning turning defensive, crude oil is likely to remain under downward pressure. Unless a major supply disruption emerges, June is expected to reflect a continuation of late-May weakness, with crude oil prices drifting lower toward the mid-$**s based on...