08 Nov 2025 | 5 Mins Read
Crude oil price recovers after US-Hungary meeting hopes
Flipitmoney
Crude oil prices recovered on hopes of a deal with Hungary on using Russian oil, amidst OPEC+ increasing output in December. Brent crude settled at $63.63, up 0.39%, while U.S. West Texas Intermediate crude finished at $59.75, up 0.54%. Prices are poised for weekly declines as producers raise output, outweighing disruptions in supplies to largest importers China and India.