Oil prices experienced a slight dip in early Asian trading today, Tuesday, November 11, 2025, reversing some of the gains made in the previous session. Concerns about a potential surge in supply outweighed optimism surrounding a possible resolution to the US government shutdown.
Brent crude futures fell by 13 cents, or 0.2 percent, to $63.93 a barrel. West Texas Intermediate (WTI) crude traded at $60 a barrel, also down 13 cents, or 0.2 percent.
Both Brent and WTI had risen by approximately 40 cents in the prior trading session. However, analysts suggest that underlying anxieties about global supply levels are currently exerting downward pressure on the market. Increased production from certain OPEC nations, coupled with rising US shale output, is contributing to these concerns.
The market remains sensitive to geopolitical developments and macroeconomic indicators. While the possibility of a US government funding agreement offered some initial support, the long-term outlook for oil prices remains uncertain. Traders are closely monitoring inventory data and production forecasts for further clues about the future direction of the market.
Further volatility is expected in the coming days as traders react to evolving news and data releases. The impact of the US government situation on economic activity, and consequently on oil demand, will also be a key factor to watch.
