Oil Prices Edge Up as U.S. Shutdown Ends
Update: 2025-11-11
Description
Oil prices edge up as U.S. government moves to end shutdown, but concerns about supply and demand uncertainty persist. West Texas Intermediate and Brent crude trade at $59.99 and $63.92 respectively. Floating oil storage in Asia doubles, and U.S. oil inventories rise, indicating ongoing supply pressure. Jet fuel demand drops due to flight cancellations, potentially impacting refinery profits. Brent crude remains in the low sixties, with analysts predicting the market will likely stay within this range unless demand or supply disruptions change.
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