Oil Prices Drift Lower as Demand Weakness Weighs on Markets

Market Intelligence Analysis

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Why This Matters

Oil prices declined due to weak demand signals and lingering supply concerns, with WTI and Brent crude trading 0.71% and 0.62% lower respectively.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%

Article Context

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Oil prices slipped modestly in early Asian trading on Wednesday, with the West Texas Intermediate (WTI) down 0.71% to $60.13 and Brent crude trading 0.62% lower at $64.04. The subdued tone reflects a market caught between weak demand signals and lingering supply concerns. On the demand side, investors remain cautious about global growth prospects, especially in Asia, where slower industrial activity and weaker energy consumption are weighing on outlooks. At the same time, a firm U.S. dollar is adding pressure by making dollar-priced crude less…

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Original article published by OilPrice.com on November 5, 2025.
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