Back to today’s briefing

Story perspectives

Oil Prices Drop Amid Demand Hopes and Oversupply Concerns

11/12/2025

46 5

Summary

Story summary

Oil prices fell on November 12, 2025, with Brent at $64.84 and WTI at $60.69.
Investors expect that the end of the U.S. government shutdown will boost demand.
The International Energy Agency forecast oil and gas demand may grow through 2050.
Lukoil declared force majeure at an Iraqi oilfield amid U.S. sanctions on Russian oil.
Concerns over oversupply persist as OPEC+ plans to raise output targets.

1 of 1

Story summary

Oil prices fell on November 12, 2025, with Brent at $64.84 and WTI at $60.69.
Investors expect that the end of the U.S. government shutdown will boost demand.
The International Energy Agency forecast oil and gas demand may grow through 2050.
Lukoil declared force majeure at an Iraqi oilfield amid U.S. sanctions on Russian oil.
Concerns over oversupply persist as OPEC+ plans to raise output targets.