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Oil slumps slightly on rising supply concerns despite US shutdown hopes
Oil prices fell modestly amid oversupply risks and demand worries despite broader financial-market relief.
On 11 November 2025, Brent crude fell 0.2% to US$63.94 per barrel and US West Texas Intermediate edged down 0.2% to US$59.99, as rising output from OPEC+ and softening demand in China and India weighed on sentiment. Analysts noted that while hopes for a US government shutdown resolution boosted markets broadly, the oil sector remains challenged by supply-side momentum and weak end-demand signals.