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Oil Prices Ease as U.S. Output Hits Record and OPEC+ Faces Compliance Strain
Oil prices dipped as record U.
On 7 November 2025, global oil prices softened slightly, with Brent trading near $84 a barrel after data showed U.S. crude output hit an all-time high of 13.4 million bpd. Market sentiment weakened as OPEC+ members struggled to maintain production-cut compliance. Analysts said the price dip reflects abundant U.S. supply and cautious demand in Europe and Asia. Despite the decline, traders expect range-bound trade as winter heating demand supports fundamentals.