The Financial Post reports in its Wednesday edition that oil prices may fall further in 2026 due to growing geopolitical uncertainty and the largest oversupply in the global crude market since the COVID-19 pandemic, says Deloitte's latest forecast. The Post's Meghan Potkins writes that global crude prices fell sharply last year as rising production from the U.S., Canada, Brazil and Guyana, along with OPEC+ countries, outstripped demand. Despite rising global political tensions, prices are not expected to improve in 2026. Deloitte predicts continued, albeit slower, growth in global oil production next year, following a decline in investments in oil and gas in 2025 -- the first drop in five years. Deloitte Canada's Andrew Botterill says: "The oversupply is real, and while demand and economies are waking up and moving forward, they're not moving forward at the robust rates that we might hope. We see ourselves in a big oversupply situation right now of about three million barrels a day. We should expect downward pressure on prices, especially in the first half of the year." Even as geopolitical risks flare Mr. Botterill says the current oversupply of crude seems to be blunting the impact of war and sanctions on prices.