Oil Prices Fluctuate, OPEC & IEA Reports Near
Update: 2025-11-11
Description
Oil prices fluctuate on November 11th, with Brent crude nearing $64 and WTI dipping below $60. The prompt spread between WTI contracts narrows, suggesting a less tight oil market. OPEC and IEA release market analyses and outlooks, with IEA predicting a record-high surplus by 2026. Indias oil imports and trade agreements with the US are discussed, along with US sanctions on Russian energy companies and Lukoils force majeure declaration on Iraqi oil shipments.
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