https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Hello everyone and welcome back to the Daily Crude Oil Price Tracker. I’m Vanessa Clark, here with your essential update on crude oil news, prices, and what’s happening in the global energy markets. Thanks for joining me today, November sixth, twenty twenty-five. If you’re a trader, investor, or just curious about what drives fuel prices at the pump, this episode is for you.
Let’s dive straight into today’s numbers. As of market close, West Texas Intermediate—commonly known as WTI crude oil—hovered around sixty dollars and ten cents per barrel. That represents a slight bounce from recent lows, but it’s still very much part of a downward trend. Brent crude, the international benchmark, settled at about sixty-three dollars and fifty-two cents per barrel. Both have dropped about one and a half percent in the past twenty-four hours, marking a new two-week low. Energy market analysts say this is the result of a classic supply and demand squeeze, and it isn’t just a blip.
So, what’s driving crude oil prices lower right now? A major factor is a significant build-up in U.S. crude inventories. The U.S. Energy Information Administration reported that stockpiles rose by more than five million barrels last week, the largest jump since July. At the same time, U.S. gasoline inventories have fallen to a three-year low, but it hasn’t been enough to balance out the oversupplied oil market.
On the supply side, OPEC and its allied partners—collectively known as OPEC Plus—recently agreed to a small hike in production, only about one hundred thirty-seven thousand barrels per day for December. However, they have also stated that they will pause any further production increases for the first quarter of twenty twenty-six, signaling a wait-and-see approach as they monitor price movements. Non-OPEC countries, especially the United States, Brazil, and Canada, continue to pump at near-record levels, further contributing to the global glut.
Demand is also softer than many hoped. Global oil consumption is up just under nine hundred thousand barrels per day this year, which is less than expected. Weak manufacturing data from both the United States and China—the world’s two biggest economies—has dampened demand expectations for the near term. Adding to that, a rapidly growing electric vehicle market is cutting into oil’s share of transportation energy.
If you’re looking for a practical takeaway, here’s what to watch in the days ahead: the oil market is currently battling between a flood of supply from both OPEC and non-OPEC producers, and a world where oil demand is sluggish. This means prices could stay under pressure or even drop further if production isn’t scaled back or if global economies don’t show signs of stronger recovery.
For companies, producers, and even everyday drivers, it’s a period of unpredictability. If you manage fuel costs or hedge energy risk, now’s the time to keep a close eye on global inventory reports and OPEC Plus announcements. On a longer timeline, many analysts think that if WTI crude drops much below sixty dollars, we could see a more aggressive response from producers, potentially triggering deeper cuts to shore up prices.
That’s all for today’s episode of the Daily Crude Oil Price Tracker. I’ll be back tomorrow to bring you the latest crude oil price updates and actionable insights. Thanks so much for tuning in. Remember to subscribe so you never miss out, and feel free to reach out with your questions or topics you’d like to hear about. Until next time, I’m Vanessa Clark—stay informed, and have a great day.
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