06 Nov 2025 | 3 Mins Read
Oil prices stagnant due to lack of demand and oversupply
Flipitmoney
Oil prices were flat early Thursday, with Brent crude at $63.54 and U.S. West Texas Intermediate flat at $59.60. YTD global oil demand has risen 850,000 barrels per day, below J.P. Morgan's predicted 900,000. Capital Economics forecasts end-25 oil price at $60 per barrel and end-26 at $50 per barrel, citing downward pressure on prices.