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10h agoGlobal oil prices dip 2% as U.S. inventories rise more than expected
Brent crude futures fell 2% to $82.40 a barrel on 7 November 2025 after U.S. Energy Information Administration data showed crude inventories increased 5.6 million barrels, exceeding forecasts. The build signalled slower-than-expected demand as refineries cut runs for seasonal maintenance. WTI futures settled near $78.10. Analysts said prices may remain under pressure until inventory draws resume or OPEC+ signals deeper production restraint. The U.S. dollar’s strength also weighed on commodities, reducing purchasing power for importers. Traders now await Chinese import data for further direction.
negative
10h agoGlobal oil prices dip 2% as U.S. inventories rise more than expected
Brent crude futures fell 2% to $82.40 a barrel on 7 November 2025 after U.S. Energy Information Administration data showed crude inventories increased 5.6 million barrels, exceeding forecasts. The build signalled slower-than-expected demand as refineries cut runs for seasonal maintenance. WTI futures settled near $78.10. Analysts said prices may remain under pressure until inventory draws resume or OPEC+ signals deeper production restraint. The U.S. dollar’s strength also weighed on commodities, reducing purchasing power for importers. Traders now await Chinese import data for further direction.
negative
Global oil prices dip 2% as U.S. inventories rise more than expected
about 11 hours ago
1 min read
84 words
Oil prices fell 2% as U.S. inventories rose 5.6 million barrels, sparking renewed supply concerns and near-term pressure on crude benchmarks.
Brent crude futures fell 2% to $82.40 a barrel on 7 November 2025 after U.S. Energy Information Administration data showed crude inventories increased 5.6 million barrels, exceeding forecasts. The build signalled slower-than-expected demand as refineries cut runs for seasonal maintenance. WTI futures settled near $78.10. Analysts said prices may remain under pressure until inventory draws resume or OPEC+ signals deeper production restraint. The U.S. dollar’s strength also weighed on commodities, reducing purchasing power for importers. Traders now await Chinese import data for further direction.
Brent crude futures fell 2% to $82.40 a barrel on 7 November 2025 after U.S. Energy Information Administration data showed crude inventories increased 5.6 million barrels, exceeding forecasts. The build signalled slower-than-expected demand as refineries cut runs for seasonal maintenance. WTI futures settled near $78.10. Analysts said prices may remain under pressure until inventory draws resume or OPEC+ signals deeper production restraint. The U.S. dollar’s strength also weighed on commodities, reducing purchasing power for importers. Traders now await Chinese import data for further direction.
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Nov 5, 2025 • 06:41 IST