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Oil settles lower on stronger dollar, fears of oversupply
Yahoo Financeยท2025-11-04 20:37

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supply glut. Brent crude futures closed 45 cents, or 0.7% lower at $64.44 a barrel. U.S. West Texas Intermediate crude was down 49 cents, or 0.8%, at $60.56. "Crude futures are feeling the pressure today from high U.S. dollar v ...