Prediction of a 2025 world crude oil surplus sent prices falling on Friday

After analysts predicted the world will see a surplus of crude oil in the coming year, prices dropped by more than 1% on Friday.

Adding to the woes, Oklahoma energy stocks fell as well. Observers say a supply surplus is likely even as OPEC+ decided to delay its output increases for three months.

West Texas Intermediate crude fell $1.10  cents or 1.6% to settle at $$67.20 a barrel on the New York Mercantile Exchange.

The global benchmark, Brent crude finished down 97 cents or 1.4% at $71.12 a barrel.

Natural gas was unchanged on Friday at $3.08.

Nearly every one of the Oklahoma energy stocks fell into negative territory on Friday including Canoo with a more than 9% drop and NGL Energy Partners down 4%. But two firms stood out for their gains—Empire Petroleum rose 7% and Unit Corporation shot up 8%.