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Energy Preview: WTI crude oil deepens losses under $60 per barrel; set for over 3% weekly drop
(21-Nov-2025, 08:27 Hours IST)

WTI crude oil prices incurred further losses amid oversupply concerns and are expected to settle round a one-week low. The counter is quoting at $58.26 per barrel, down 1.25% on the day in early Asian trades on Friday and is set for a weekly decline of over 3%. API data during the week showed large build in oil inventories although EIA figures revealed a larger-than-expected withdrawal of crude oil stocks. Meanwhile, producer countries are expected to continue hiking output in times of weaker global demand, which is boosting market concerns of an oversupply.

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