Oil Falls as Weaker Demand Signals Amplify Oversupply Fears
Barrons·2025-11-19 10:16
Oil Market Overview - Oil prices are experiencing a decline due to reports of increasing U.S. crude inventories, with Brent crude and WTI down by 1% to $64.28 and $60.09 per barrel respectively [1] - Concerns regarding Russian oil flows are limiting further losses in oil prices [1] Demand and Supply Dynamics - Despite some Asian buyers halting Russian oil purchases and a stronger European diesel market, the overall market fundamentals remain bearish according to Soojin Kim from MUFG [2]