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Indonesia News Portal for Traders | Financial & Business Updates

11 November 2025 15:57  |

Brent Oil Wary of This Data...

Brent prices stabilized after a slight increase, while WTI fell to its lowest level since February, indicating that supply conditions are less tight than before and the market is starting to sense a surplus.

From a geopolitical and demand perspective, India is in the spotlight following signals of a trade deal with the US and claims it will stop buying Russian oil.

Market participants await key releases: the OPEC monthly report and the IEA annual outlook on Wednesday, followed by the IEA monthly snapshot on Thursday.

Brent oil price at the time of writing was at $63.69

- Buy if the price moves within the $63.59 range

- Sell if the price moves within the $63.79 range

 

Resistance 2: $63.99

Resistance 1: $63.84

 

Support 1: $63.54

Support 2: $63.39

Disclaimer: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.

Source: Newsmaker.id

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