The world is oversupplied with oil and prices are headed down, one analyst said. Anton Petrus/Getty ImagesOil could see a decline to a "much, much" lower price, according to crude analyst Tom Kloza.Oversupply will weigh on oil prices in 2025, Kloza predicted.Other forecasters have also made bearish calls, with price forecasts as low as $50 a barrel.The oil market is headed into a troubled year in 2025, and crude prices may fall "much, much" lower, according to Tom Kloza, global head of energy analysis at Oil Price Information Service.The oil analyst said crude prices would experience more downward pressure in 2025 despite concerns that conflict in the Middle East could escalate and send prices higher.Traders shouldn't bet on supply disruptions in the Middle East, and the world is already so oversupplied with oil that prices are bound to drop, he said in an interview with CNBC on Wednesday.The US produced more oil than any other country in history in 2023, according to data from the Energy Information Administration.