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1 day agoOil prices edge up amid U.S. inventory draw and supply-chain concerns
Oil futures rose modestly early Wednesday, with Brent crude up to about $64.33 per barrel and U.S. WTI near $60.08, after data showed a draw in U.S. crude stocks despite three straight days of declines in global benchmarks. Market watchers referenced lingering doubts over the impact of sanctions on Russian supply and a potential production boost from OPEC+ in December. The supply story remains uncertain, with demand staying muted and oversupply risks persistent.
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neutral
1 day agoOil prices edge up amid U.S. inventory draw and supply-chain concerns
Oil futures rose modestly early Wednesday, with Brent crude up to about $64.33 per barrel and U.S. WTI near $60.08, after data showed a draw in U.S. crude stocks despite three straight days of declines in global benchmarks. Market watchers referenced lingering doubts over the impact of sanctions on Russian supply and a potential production boost from OPEC+ in December. The supply story remains uncertain, with demand staying muted and oversupply risks persistent.
Explore:Mutual Fund Tools
neutral
Oil prices edge up amid U.S. inventory draw and supply-chain concerns
1 day ago
1 min read
73 words
Oil edged higher after U.S. inventory draw, but supply-chain doubts and OPEC+ output talk keep upside limited.
Oil futures rose modestly early Wednesday, with Brent crude up to about $64.33 per barrel and U.S. WTI near $60.08, after data showed a draw in U.S. crude stocks despite three straight days of declines in global benchmarks. Market watchers referenced lingering doubts over the impact of sanctions on Russian supply and a potential production boost from OPEC+ in December. The supply story remains uncertain, with demand staying muted and oversupply risks persistent.
Oil futures rose modestly early Wednesday, with Brent crude up to about $64.33 per barrel and U.S. WTI near $60.08, after data showed a draw in U.S. crude stocks despite three straight days of declines in global benchmarks. Market watchers referenced lingering doubts over the impact of sanctions on Russian supply and a potential production boost from OPEC+ in December. The supply story remains uncertain, with demand staying muted and oversupply risks persistent.
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economy
commodities
economy
commodities
oil
energy markets
supply chains
Oct 29, 2025 • 06:14 IST