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Oil Pressured by Signs of Weaker Demand as U.S. Stockpiles Build
Barrons· 2025-11-06 09:32
CONCLUDED Stock Market News From Nov. 6, 2025: Dow Falls After New Labor Market Data Last Updated: 13 hours ago Oil Pressured by Signs of Weaker Demand as U.S. Stockpiles Build By Giulia Petroni, Dow Jones Newswires The Wall Street Journal Oil prices were rising in early trading but remain pressured by signs of weaker demand. Brent crude and WTI are both up 0.3% to $63.70 a barrel and $59.80 a barrel, respectively, after settling around 1.5% lower in the previous session. The latest EIA report revealed that ...
Oil prices fall amid broader market selloff, gains in US crude stockpiles
Reuters· 2025-11-05 02:36
Core Viewpoint - Oil prices experienced a decline on Wednesday, driven by a broader selloff in global financial markets, raising concerns about economic growth and fuel demand [1] Group 1: Market Dynamics - The drop in oil prices is attributed to a stronger U.S. dollar, which typically inversely affects commodity prices [1] - Reports indicate rising U.S. oil production, contributing to the oversupply in the market [1] Group 2: Economic Implications - The overall selloff in financial markets reflects growing apprehensions regarding economic growth prospects, which could further impact fuel demand [1]