Oil Prices Dip Amid Abundant Supply, Cautious Demand
Update: 2025-11-19
Description
Oil prices experienced a minor dip in early Asian trading this Wednesday, following news of increased US oil stockpiles. The global oil supply is outpacing demand, causing concern. WTI crude fell by 0.25%, while Brent crude dropped by 0.30%. The focus now shifts to todays Energy Information Administration report, which could influence prices leading up to Thanksgiving. Despite potential short-term price fluctuations, the overarching trend remains one of abundant oil supply and cautious global demand.
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