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Energy Preview: WTI crude oil stabilizes around $60 per barrel; set for over 2% weekly dip
31-Oct-2025 09:24

WTI crude oil is down more than half a percent in early Asia on Friday tracking strength in greenback overseas after hawkish comments from Fed who warned that a December rate cut is uncertain and inflation remains stocky. DXY is holding well above 99 mark. Meanwhile, the counter is quoting at $60.14 per barrel, down 0.71% on the day and set for a weekly decline of over 2%. Despite fresh sanctions on Russia and improving refining margins, abundant supply and cautious demand outlooks limit momentum. The upcoming OPEC+ meeting on November 2 also looms large as the group weighs an additional 137,000 bpd supply hike for December.

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