• Mon, Mar 2, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

10 November 2025 07:18  |

Oil Steadies as Traders Weigh Up Surplus Concerns and Sanctions

Oil steadied after posting two weekly declines, as traders weighed concerns about a looming global glut and the fallout from US sanctions against Russian producers at the start of a data-heavy week.

Brent traded above $63 a barrel after shedding more than 2% last week, while the West Texas Intermediate was below $60. Traders are concerned that global crude supplies are poised to run ahead of demand, with market outlooks due this week from OPEC as well as the International Energy Agency.

US sanctions remain in focus after the Trump administration targeted Rosneft PJSC and Lukoil PJSC. Hungary — which is reliant on Moscow for energy supplies — won an exemption from the curbs after trade talks with Washington.

Source: Bloomberg.com

Related News

OIL

Oil Prices Rise for Two Days in a Row, Supported by Trade ...

Oil rose a second day on optimism over US trade talks ahead of next week’s deadline, and as tightness in diesel markets bo...

25 July 2025 10:56
OIL

Brent Fluctuates, Markets Confused Between Sanctions and Su...

Oil prices experienced volatile movements on Tuesday (July 15th), amid market uncertainty over the impact of US President Don...

15 July 2025 21:42
OIL

Global Oil Restrained

Oil prices were little changed after declining over the past few weeks, with traders concerned about the impact of European U...

22 September 2025 07:39
OIL

Increased Supply, Exports Drop: New Drama of Oil Prices Beg...

World oil prices on Wednesday (2/7) were almost unchanged as the market weighed various factors, ranging from the plan to inc...

2 July 2025 16:19
BIAS23.com NM23 Ai