07 Nov 2025 | 5 Mins Read
Oil prices decline amid supply concerns
Flipitmoney
Brent crude futures rose 21 cents to $63.59 a barrel, while U.S. West Texas Intermediate crude was at $59.65 a barrel. Oil prices are set to fall about 2% this week, driven by a 5.2 million-barrel U.S. inventory build and risk-aversion flows. The longest U.S. government shutdown is also pressuring oil prices, with concerns about its impact on the broader economy.