Crude Oil Falls Near US$64 as Oversupply Concerns Mount

Brent crude dropped to ~US$63.96 amid oversupply worries and soft demand outlook.

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Crude Oil Falls Near US$64 as Oversupply Concerns Mount

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Crude Oil Falls Near US$64 as Oversupply Concerns Mount
Brent crude dropped to ~US$63.
Brent crude for December 2025 settlement eased to around US$63.96 a barrel, as investors remain concerned about global oversupply and lacklustre demand. European equities also weighed on market sentiment. The fall in oil prices is feeding into broader inflation-and-growth dynamics, with analysts observing that lower energy costs may relieve input-pressures but also reflect weaker demand outlook. Commodity monitors say continued softness in oil could keep central banks cautious about overheating risks.
Nov 1, 2025 • 20:57
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