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Oil prices rise as market awaits clarity on supply
Business World Philippines
|November 28, 2025
Oil prices settled up on Wednesday, bouncing back from one-month lows in the previous session, as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal ahead of the US Thanksgiving holiday.
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Brent crude futures settled 65 cents, or 1.04%, higher to $63.13 a barrel, while US West Texas Intermediate (WTI crude futures gained 70 cents, or 1.21%, at $58.65.
US crude inventories climbed by 2.8 million barrels to 426.9 million barrels last week as imports surged, the Energy Information Administration said on Wednesday. Analysts had expected a 55,000-barrel rise.
“We are definitely on the road to a rather healthy supply glut, there is no doubt about it, and the crude build is indicative of that,” said John Kilduff, partner with Again Capital.
Bu hikaye Business World Philippines dergisinin November 28, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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