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This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Welcome to the Daily Crude Oil Price Tracker. I am Vanessa Clark and today is Friday, November seventh, two thousand twenty five. Thanks for joining me as we break down the latest news, analysis, and trading prices in the world of crude oil.
Let’s get right to today’s numbers. According to the latest data from SunSirs, Brent crude oil is trading at sixty three dollars and fifty two cents per barrel. Meanwhile, the West Texas Intermediate, or WTI crude oil, stands at fifty nine dollars and sixty cents per barrel. Both benchmarks are down from the start of the month, with Brent declining over two percent and WTI about one and a half percent. Trading Economics notes WTI’s price is hovering right around that fifty nine to sixty dollar mark, closing out a second consecutive week of losses.
What’s behind these price moves? The main theme this week is supply outpacing demand. OPEC Plus, that’s the alliance of oil-producing countries led by Saudi Arabia and Russia, approved a modest increase in output for December — specifically a hike of a hundred and thirty seven thousand barrels per day. Even though supply remains abundant, most voluntary cuts will stay in place through next year. That cautious increase shows OPEC Plus is walking a tightrope, signaling to markets that they’re wary about a potential glut, especially with weak demand.
The wave of new supply comes as U.S. oil production remains close to all-time highs. According to OilPrice, the United States pumped a record thirteen point eight million barrels per day in August, and supplies have stayed strong since then. All this oil sloshing around is making it harder for OPEC Plus production cuts to prop up prices.
On the demand side, things have been pretty lackluster. Saudi Arabia even cut its official selling price for December deliveries to Asia, which is a clear sign that demand in that region is cooling off. Meanwhile, persistent economic concerns and a strong U.S. dollar are keeping some buyers on the sidelines.
But there’s also a dose of geopolitical risk. The Ukraine conflict continues to impact the global oil market. Recently, Ukraine launched drone attacks on Russia’s Tuapse oil terminal, disrupting a major refinery for a time and putting the spotlight on supply security in the Black Sea. While these events haven’t caused a major price spike, they are reminders that the crude oil market can change in a heartbeat.
Looking ahead, analysts and industry leaders at the ADIPEC energy conference in Abu Dhabi remain confident in long-term crude demand. Demand for crude is expected to stay above one hundred million barrels per day well beyond two thousand forty, fueled by needs from artificial intelligence, data centers, and ongoing infrastructure development worldwide.
Here are a couple of actionable takeaways for anyone keeping an eye on the crude oil price. First, if you trade or buy crude, watch for volatility around major policy decisions from OPEC Plus and pay attention to monthly inventory reports from the United States. These tend to move the market. Second, for those using oil in your business or home, keep in mind that prices may remain under pressure in the short term thanks to ample supply, but sudden global disruptions can always send prices higher.
That wraps up today’s episode of the Daily Crude Oil Price Tracker. I am Vanessa Clark, and I hope you found today’s insights helpful. If you want to stay on top of crude oil prices and energy news, be sure to subscribe, share the show with a friend, and join me again next time. Thanks so much for listening and have a great day.
