West Texas Intermediate futures for December delivery is currently at $41.92 ( 0.48%), while Brent crude is at $44.26 ( 0.18%). Prices remain under pressure despite these minor gains as fundamentals are weak. The global supply glut persists and Iran is preparing to add more crude.
Some traders are getting ready for further declines as analysts expect crude prices to stay low at least throughout the beginning of 2016. Expectations for a relatively warm winter add to this speculation.