05 Nov 2025 | 5 Mins Read
Oil prices drop due to market and US stockpile increases
Flipitmoney
Brent crude futures fell 36 cents to $64.08 and U.S. West Texas Intermediate declined 40 cents to $60.16 due to concerns about economic growth and fuel demand, a stronger U.S. dollar, and rising U.S. crude stockpiles. OPEC+ agreed to increase output by 137,000 barrels per day in December, but the pause in further increases in 2026 won't help November and December prices, analysts said.