Oil Futures Move Into the Red

Group 1 - The stock market experienced a decline, particularly the Dow, following the release of new labor market data [1] - Crude oil futures fell after initially gaining, influenced by a significant increase in U.S. crude stock and Saudi Arabia's decision to lower its official selling prices for December to Asian markets [1] - Reports indicate that India is reducing its purchases of Russian oil, while rising refinery margins are providing some support to the market [2] Group 2 - OPEC+ has increased production, which has led to many buyers remaining cautious and on the sidelines [2] - The technical outlook for WTI December crude suggests a sideways bearish structure, with near-term support identified at the $59.15 level [2]