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Nov 13, 2025
Oil steady ahead of U.S. stockpile report
WTI steady near $58.90 amid demand concerns
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Energy markets are holding steady ahead of the highly anticipated U.S. Crude Oil Inventories report, due for release tonight, Thursday, November 13 2025, at 9:00 PM UAE time. West Texas Intermediate (WTI) crude is currently trading around $58.90 per barrel, showing limited movement as traders remain cautious following a week of mild losses and mixed signals from global demand indicators. |
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We expect a modest increase in U.S. crude stocks, which—if confirmed—could weigh further on prices. Conversely, a surprise drawdown may offer temporary support to the market.
This report comes amid renewed warnings from OPEC, which recently projected a potential return of a global supply surplus in 2026 unless production levels are adjusted. As a result, tonight’s data may prove pivotal in shaping short-term price momentum.